Jefferies Maintains a 'Buy' on Albemarle (ALB); Making a Trim While Revisiting Bridge

August 17, 2012 7:47 AM EDT
Get Alerts ALB Hot Sheet
Price: $95.55 +1.97%

Rating Summary:
    12 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Jefferies maintains a 'Buy' on Albemarle (NYSE: ALB) price target of $74.00 (from $77.00).

Analyst, Laurence Alexander, said, "We are trimming 2H12 $0.05 to $4.90 to reflect a more cautious view of electronics demand trends, and 2013E $0.35 to $5.55 to reflect caution on general volume assumptions (about $0.15 of the cut), potential HPC catalyst lumpiness ($0.10), electronics recovery timing ($0.05) and leverage to new catalyst capacity and product wins ($0.05)."

For an analyst ratings summary and ratings history on Albemarle click here. For more ratings news on Albemarle click here.

Shares of Albemarle closed at $61.20 yesterday.

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