B of A Securities Upgrades Albemarle to Buy, Raises Price Target to $156
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Matthew DeYoe upgraded Albemarle (NYSE:ALB) from Neutral to Buy and increased the price target from $137 to $156.
April 10, 2024 | 10:52 am
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Albemarle upgraded to Buy from Neutral by B of A Securities, with a price target increase from $137 to $156.
The upgrade to Buy from Neutral by a major analyst at B of A Securities, along with a significant increase in the price target, suggests a strong bullish outlook for Albemarle. This is likely to positively influence investor sentiment and potentially lead to a short-term increase in the stock price, as market participants react to the analyst's increased confidence in the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100