Keybanc Maintains Overweight on Albemarle, Lowers Price Target to $254
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Aleksey Yefremov maintains an Overweight rating on Albemarle (NYSE:ALB), but lowers the price target from $291 to $254.
October 03, 2023 | 9:18 am
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Albemarle's price target has been lowered by Keybanc from $291 to $254, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100