Jefferies Maintains a 'Buy' on Albemarle (ALB); Making a Trim While Revisiting Bridge
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Price: $63.40 -0.92%
Rating Summary:
6 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
6 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade ALB Now!
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, with a 52 week range of $38.02-$68.51.
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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, with a 52 week range of $38.02-$68.51.
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