Jefferies Reiterates Buy on Albemarle (ALB)

Jefferies reiterated a Buy rating and $102.00 price target on Albemarle (NYSE: ALB). Jefferies believes that ALB could favorably surprise by shifting to a modest growth track, but Catalysts will likely disappoint lofty expectations for a pricing cycle reinforced by less lumpy volume trends.

Analyst Laurence Alexander commented, "Albemarle shares should be able to keep up with a sector reflation rally, but outperformance will likely hinge on an investor rotation back to secular growth themes and the company confirming it remains on a path for delivering a more reliable mix of returns and growth. Lumpiness will likely persist, limiting further multiple expansion."

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 $88.05 yesterday.

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