Albemarle (ALB) Tops Q1 EPS by 26c; Boosts FY16 Revenue Outlook

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Go back to Albemarle (ALB) Tops Q1 EPS by 26c; Boosts FY16 Revenue Outlook

UBS Raises Price Target on Albemarle (ALB) to $67 Following 1Q Report

May 11, 2016 9:10 AM EDT

UBS reiterated a Neutral rating on Albemarle (NYSE: ALB), and raised the price target to $67.00 (from $52.00), following the company's 1Q earnings report. ALB reported sales and EBITDA were $865M and $245M. FX and M&A reduced sales by $23M and $54M, respectively, and EBITDA... More