UBS Maintains Neutral on Albemarle, Raises Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has maintained a Neutral rating on Albemarle (NYSE:ALB) and increased the price target from $130 to $142. This adjustment reflects a more favorable outlook for ALB, suggesting potential upside from the previous target while still remaining cautious.
January 11, 2024 | 3:03 pm
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UBS analyst Joshua Spector maintains a Neutral stance on Albemarle but raises the price target from $130 to $142, indicating a potential upside from the previous target.
The increase in price target by UBS suggests that the analyst sees more potential in Albemarle's stock price than previously estimated. While the Neutral rating indicates that the analyst is not fully bullish on the stock, the raised target could lead to positive investor sentiment in the short term, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100