Wells Fargo Maintains Overweight on Albemarle, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Sison has maintained an Overweight rating on Albemarle (NYSE:ALB), but lowered the price target from $260 to $210.
October 09, 2023 | 10:27 am
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Wells Fargo has maintained an Overweight rating on Albemarle but lowered the price target from $260 to $210.
The news is directly related to Albemarle (ALB). The Overweight rating indicates that Wells Fargo expects ALB to outperform the market, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the stock might not rise as much as previously expected. This mixed signal makes the short-term impact neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100