Albermarle Corp. (ALB) Surges 7.2% on Bullish Rating

Albermarle Corporation (NYSE:ALB) saw a 7.21 percent increase in stock price, closing at $70.22 per share on Tuesday, following a bullish rating from an investment firm. Jefferies reaffirmed a “buy” recommendation for ALB but lowered the price target to $84, still representing a 19.6% upside. Zacks Research has a more cautious “Hold” recommendation for ALB, predicting a -15% change in sales for the current quarter.

Albermarle Corp. is a US-based specialty chemicals manufacturer serving various industries. Sales forecasts for the company indicate changes of -9.5% and +9.9% for the current and next fiscal years, respectively. Despite ALB’s potential, some believe other AI stocks offer better returns and lower risk.

Read more at Yahoo Finance: Albermarle Corp. (ALB) Jumps 7.2% on Bullish Rating