Credit Suisse raised the firm’s price target on Albemarle to $185 from $163 and keeps an Underperform rating on the shares following quarterly results. The company’s second half of 2023 EBITDA guide was slightly above consensus following significant Q2 beat, the firm notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ALB:
- Albemarle raises FY23 adjusted EPS view to $25.00-$29.50 from $20.75-$25.75
- Albemarle Reports Net Sales Increase of 60% for Second Quarter 2023
- Albemarle reports Q2 adjusted EPS $7.33, consensus $4.44
- Exxon in talks with automakers to supply lithium, Bloomberg reports
- ALB Upcoming Earnings Report: What to Expect?