Baird Downgrades Albemarle to Neutral, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Ben Kallo has downgraded Albemarle (NYSE:ALB) from Outperform to Neutral and lowered the price target from $102 to $85.
August 05, 2024 | 9:40 am
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NEGATIVE IMPACT
Baird analyst Ben Kallo downgraded Albemarle from Outperform to Neutral and reduced the price target from $102 to $85.
The downgrade from Outperform to Neutral and the significant reduction in the price target from $102 to $85 by a reputable analyst is likely to negatively impact Albemarle's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100