Piper Sandler Downgrades Albemarle to Neutral, Lowers Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Charles Neivert has downgraded Albemarle (NYSE:ALB) from Overweight to Neutral and lowered the price target from $255 to $155.
October 25, 2023 | 10:34 am
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NEGATIVE IMPACT
Albemarle's stock rating has been downgraded from Overweight to Neutral by Piper Sandler, with a reduced price target of $155.
The downgrade from Overweight to Neutral by Piper Sandler, along with a significant reduction in the price target, indicates a less optimistic outlook for Albemarle. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100