Albemarle shares are trading lower after UBS downgraded the stock from Neutral to Buy and lowered its price target from $253 to $140.
Portfolio Pulse from Benzinga Newsdesk
Albemarle Corporation's stock has been downgraded by UBS from Neutral to Buy, with a reduced price target from $253 to $140. This has resulted in a decrease in the trading price of Albemarle shares.
November 06, 2023 | 3:38 pm
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Albemarle Corporation's stock has been downgraded by UBS, leading to a decrease in its trading price. The price target has also been lowered from $253 to $140.
The downgrade of Albemarle's stock by UBS from Neutral to Buy and the reduction of its price target from $253 to $140 has led to a decrease in the trading price of the stock. This is likely to have a negative impact on the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100