UBS Downgrades Albemarle to Neutral, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has downgraded Albemarle (NYSE:ALB) from Buy to Neutral and lowered the price target from $253 to $140.
November 06, 2023 | 10:47 am
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NEGATIVE IMPACT
Albemarle's stock rating has been downgraded from Buy to Neutral by UBS, with a lowered price target of $140.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for Albemarle. The significant reduction in price target from $253 to $140 could negatively impact investor sentiment and potentially lead to a short-term decrease in Albemarle's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100