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UBS Raises Price Target on Albemarle (ALB) to $85 Following 3Q Report

November 8, 2016 8:16 AM EST

UBS reiterated a Neutral rating on Albemarle (NYSE: ALB), and raised the price target to $85.00 (from $84.00), following the company's 3Q earnings report. Adjusted EPS was reported at $0.91, compared to $0.80 estimates. 4Q EPS was guided to $0.72 at the midpoint, compared to $0.75 estimates.

Analyst John Roberts... More