Albemarle shares are trading lower after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $212 to $161.
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities has downgraded Albemarle's stock from Neutral to Underperform and reduced its price target from $212 to $161. This has led to a decrease in Albemarle's share price.
October 18, 2023 | 2:43 pm
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Albemarle's stock has been downgraded by B of A Securities, leading to a decrease in its share price.
The downgrade of Albemarle's stock by B of A Securities from Neutral to Underperform and the reduction of its price target from $212 to $161 has negatively impacted the company's share price. This indicates a bearish outlook for the company in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100