Mizuho Maintains Neutral on Albemarle, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst John Roberts has maintained a Neutral rating on Albemarle (ALB) and reduced the price target from $115 to $112.
March 07, 2024 | 11:40 am
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NEUTRAL IMPACT
Mizuho has maintained a Neutral rating on Albemarle and lowered the price target from $115 to $112.
The adjustment in price target by Mizuho reflects a cautious but not pessimistic outlook on Albemarle. The reduction is minor, suggesting adjustments in valuation rather than a significant change in company fundamentals. As the rating remains Neutral, the short-term impact on the stock price is likely to be limited, reflecting a wait-and-see approach by investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100