Albemarle Corporation shares are trading lower after Wells Fargo maintained an Overweight rating on the stock but lowered its price target from $260 to $210.
Portfolio Pulse from Benzinga Newsdesk
Albemarle Corporation's shares are trading lower after Wells Fargo maintained an Overweight rating on the stock but lowered its price target from $260 to $210.
October 09, 2023 | 4:51 pm
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NEGATIVE IMPACT
Albemarle Corporation's stock price is expected to be negatively impacted in the short term due to Wells Fargo's lowered price target.
Wells Fargo, a major financial institution, has lowered its price target for Albemarle Corporation from $260 to $210. This indicates a less optimistic outlook for the company's stock, which can lead to selling pressure and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100