HSBC Downgrades Albemarle to Hold, Announces $95 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Santhosh Seshadri has downgraded Albemarle (NYSE:ALB) from Buy to Hold and set a price target of $95.
July 17, 2024 | 3:27 pm
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NEGATIVE IMPACT
HSBC analyst Santhosh Seshadri has downgraded Albemarle from Buy to Hold and set a price target of $95.
The downgrade from Buy to Hold by HSBC and the setting of a $95 price target is likely to negatively impact Albemarle's stock price in the short term as it signals reduced confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100