Mizuho Maintains Neutral on Albemarle, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Christopher Parkinson has maintained a Neutral rating on Albemarle (NYSE:ALB) but has reduced the price target from $152 to $130.
January 23, 2024 | 2:07 pm
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NEGATIVE IMPACT
Mizuho has maintained a Neutral rating on Albemarle but lowered the price target from $152 to $130, indicating a potential downside compared to the previous target.
The reduction in price target by Mizuho suggests that the analyst sees less upside potential for Albemarle's stock price in the short term. This could lead to a negative investor sentiment and a possible decrease in the stock price as the market adjusts to the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100