Berenberg Downgrades Albemarle to Hold, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Berenberg analyst Andres Castanos Mollor has downgraded Albemarle (NYSE:ALB) from Buy to Hold and lowered the price target from $160 to $83.
July 31, 2024 | 10:06 am
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NEGATIVE IMPACT
Berenberg analyst Andres Castanos Mollor downgraded Albemarle from Buy to Hold and significantly lowered the price target from $160 to $83.
The downgrade from Buy to Hold and the significant reduction in the price target from $160 to $83 by a reputable analyst is likely to negatively impact Albemarle's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100