Deutsche Bank Downgrades Albemarle to Hold, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Corinne Blanchard downgraded Albemarle (NYSE:ALB) from Buy to Hold and reduced the price target from $155 to $135, indicating a more cautious outlook on the stock.

January 11, 2024 | 12:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Albemarle was downgraded by Deutsche Bank from Buy to Hold with a lowered price target, suggesting a potential slowdown in stock appreciation.
Downgrades by major banks often lead to a negative short-term reaction in the stock price as they reflect a change in the bank's outlook on the company's future performance. The reduction in the price target further supports the expectation of a lower stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100