B of A Securities Upgrades Albemarle to Neutral, Lowers Price Target to $149
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Matthew DeYoe upgraded Albemarle (NYSE:ALB) from Underperform to Neutral, while also lowering the price target from $154 to $149.
December 12, 2023 | 12:34 pm
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NEUTRAL IMPACT
Albemarle was upgraded by B of A Securities from Underperform to Neutral, but the price target was reduced from $154 to $149.
The upgrade to Neutral suggests a more favorable outlook on ALB by the analyst, which could be positive for investor sentiment. However, the reduction in the price target may indicate some caution about the company's valuation or future prospects, potentially limiting the stock's upside. The mixed nature of the upgrade and price target reduction makes the short-term impact on the stock price neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100