Scotiabank Downgrades Albemarle to Sector Perform, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has downgraded Albemarle (NYSE:ALB) from Sector Outperform to Sector Perform and lowered its price target from $150 to $135.
May 21, 2024 | 6:31 pm
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Scotiabank has downgraded Albemarle from Sector Outperform to Sector Perform and reduced the price target from $150 to $135.
The downgrade and lowered price target by Scotiabank are likely to negatively impact Albemarle's stock price in the short term as investors may react to the reduced confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100