Keybanc Maintains Overweight on Albemarle, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Aleksey Yefremov maintains an Overweight rating on Albemarle (NYSE:ALB), but lowers the price target from $254 to $200.
November 03, 2023 | 9:20 am
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Albemarle's price target has been lowered from $254 to $200 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100