B of A Securities Downgrades Albemarle to Underperform, Lowers Price Target to $161
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Matthew DeYoe has downgraded Albemarle (NYSE:ALB) from Neutral to Underperform and lowered the price target from $212 to $161.
October 18, 2023 | 12:22 pm
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NEGATIVE IMPACT
Albemarle (ALB) has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target from $212 to $161.
The downgrade from Neutral to Underperform by B of A Securities indicates a negative outlook for Albemarle. The lowered price target from $212 to $161 also suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100