Albemarle price target raised to $76 from $65 at Mizuho

Mizuho analyst John Roberts raised the firm’s price target on Albemarle (ALB) to $76 from $65 and keeps a Neutral rating on the shares. The firm updated price targets in chemicals and packaging ahead of the Q2 reports. It says the new targets reflect the recent market multiple recovery. Mizuho’s top picks are all specialty and defensive names: Corteva (CTVA), Crown (CCK) and Linde (LIN). A pause in tariffs likely pulled forward some demand, which could create a year-end slowdown, the analyst tells investors in a research note.