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Vertical Research Turns Bullish on Albemarle (ALB); RBC Reiterates Outperform Rating
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Albemarle Corporation (NYSE:ALB) is included among the 10 Best Dividend Stocks to Buy According to D. E. Shaw. On May 26, Vertical Research upgraded Albemarle Corporation (NYSE:ALB) to Buy from Hold. It assigned a $224 price target to the stock. The same day, RBC Capital raised its price recommendation on Albemarle to $257 from $253. It reiterated an Outperform rating on the shares. In a research note, the analyst said the company is expected to continue growing volumes at a mid-single-digit CAGR over the next several years. That growth is projected to come primarily from brownfield expansions at CGP3 and Wodgina, productivity improvements at Atacama, and additional opportunities at Kings Mountain and Antofalla. RBC also pointed to last month’s 9% decline in Albemarle’s stock price, which it attributed to oil and broader market factors. The firm views that pullback as a buying opportunity for investors. Albemarle Corporation (NYSE:ALB) focuses on converting essential resources into key ingredients used across mobility, energy, connectivity, and health markets. The company operates through its Energy Storage, Specialties, and Ketjen segments. While we acknowledge the potential of ALB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Profitable Dividend Stocks to Invest In Now and Billionaire Ken Fisher’s Top 11 Dividend Stock Picks Disclosure: None. Follow Insider Monkey on Google News.
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