Piper Sandler analyst Charles Neivert lowered the firm’s price target on Albemarle (ALB) to $85 from $90 and keeps an Underweight rating on the shares following quarterly results, guidance for 2025 and the firm’s own channel checks in the automotive market and a review of macro conditions just prior to and following the earnings release. Based on the data and Piper’s findings, the firm remains bearish on the shares.
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Read More on ALB:
- Albemarle price target lowered to $92 from $102 at Berenberg
- Albemarle price target lowered to $75 from $85 at Scotiabank
- Albemarle price target lowered to $68 from $73 at Morgan Stanley
- Albemarle price target lowered to $85 from $105 at Deutsche Bank
- Albemarle price target lowered to $103 from $110 at BofA
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