KeyBanc Reiterates a 'Buy' on Albemarle (ALB); Fine Chemicals and Catalysts

KeyBanc reiterates a 'Buy' on Albemarle (NYSE: ALB) price target raised from $75 to $79.

KeyBanc analyst said, "Based on our positive 2012 outlook with solid earnings growth potential through 2015E coming largely via secular growth in the bromine and catalysts franchises, we are reiterating our rating on ALB and raising our 12-month price target. Additionally, recent due diligence suggests that utilization of higher priced new FCC catalysts remains at healthy levels and that secular pricing across the bromine industry remains stable in the face of softer flame retardants demand. Finally, we expect the strongest growth in 2012E from its Fine Chemicals franchise, which comes with good visibility via new product starts."

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 $64.28 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
• Yum! Brands (YUM) PT Lowered to $180 at Argus
• William Blair Downgrades Enovix Corporation (ENVX) to Market Perform