Morgan Stanley Maintains Underweight on Albemarle, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Vincent Andrews maintains an Underweight rating on Albemarle (ALB) and lowers the price target from $90 to $81.

March 11, 2024 | 12:33 pm
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Morgan Stanley has maintained its Underweight rating on Albemarle and reduced the price target from $90 to $81.
The reduction in price target by a significant financial institution like Morgan Stanley, especially with a maintained Underweight rating, suggests a bearish outlook on Albemarle's stock. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on this new analysis.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100