Albemarle shares are trading lower. UBS maintained a Neutral rating and lowered its price target from $132 to $124.
Portfolio Pulse from Benzinga Newsdesk
Albemarle shares are trading lower after UBS maintained a Neutral rating and lowered its price target from $132 to $124.
June 13, 2024 | 5:31 pm
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NEGATIVE IMPACT
UBS maintained a Neutral rating on Albemarle and lowered its price target from $132 to $124, causing the shares to trade lower.
The downgrade in the price target by UBS from $132 to $124 indicates a less optimistic outlook for Albemarle, which is likely to negatively impact investor sentiment and cause a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100