JP Morgan Maintains Neutral on Albemarle, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas maintains a Neutral rating on Albemarle (NYSE:ALB) but lowers the price target from $115 to $78.
August 19, 2024 | 1:06 pm
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JP Morgan has maintained a Neutral rating on Albemarle but significantly lowered the price target from $115 to $78, indicating a less optimistic outlook.
The significant reduction in the price target from $115 to $78 by JP Morgan suggests a less favorable view on Albemarle's future performance, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100