Albemarle shares are trading lower after Baird downgraded the stock from Outperform to Neutral and lowered its price target from $102 to $85. Also, Keybanc maintained an Overweight rating on the stock but lowered its price target from $151 to $132.
Portfolio Pulse from Benzinga Newsdesk
Albemarle shares are trading lower following a downgrade from Baird and a price target reduction from both Baird and Keybanc.
August 05, 2024 | 1:13 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Albemarle shares are trading lower after Baird downgraded the stock from Outperform to Neutral and lowered its price target from $102 to $85. Keybanc maintained an Overweight rating but reduced its price target from $151 to $132.
The downgrade from Baird and the reduction in price targets from both Baird and Keybanc are likely to negatively impact investor sentiment and put downward pressure on Albemarle's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100