Wells Fargo lowered the firm’s price target on Albemarle (ALB) to $60 from $80 and keeps an Equal Weight rating on the shares. Given increased risks in a post tariff world, the firm recommends a more defensive position within the chemicals sector into Q1 2025 results as Wells expects cautious outlook commentary.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALB:
- Albemarle price target lowered to $64 from $86 at UBS
- Albemarle put volume heavy and directionally bearish
- Cautious Outlook and Revised Estimates Justify Sell Rating for Albemarle
- Mining Stocks Get Another Boost as Trump Signs Order to Boost U.S. Mineral Production
- Early notable gainers among liquid option names on March 17th