Piper Sandler analyst Charles Neivert lowered the firm’s price target on Albemarle (ALB) to $85 from $90 and keeps an Underweight rating on the shares following quarterly results, guidance for 2025 and the firm’s own channel checks in the automotive market and a review of macro conditions just prior to and following the earnings release. Based on the data and Piper’s findings, the firm remains bearish on the shares.
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