UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%.
Analyst Matthew Hedberg initiated coverage of the data stock at an outperform rating with a $22 target price for shares.
Hedberg's price target implies shares could climb 23.9% over the next year from Friday's close.
In addition to the downgrade, analyst Jessica Reif Ehrlich slashed her price target on the stock to $9 from $32.
Analyst Joshua Spector downgraded the stock to neutral from buy and slashed his price target to $140 from $253.
Persons:
Ferrari, Matthew Hedberg, Hedberg, Alex Harring, Jason Bazinet, Bazinet, — Alex Harring, Jefferies, Brent Thill, Thill, Jessica Reif Ehrlich, Reif, Vivek Arya, Arya, Nicholas Campanella, Campanella, " Campanella, Banks, Goldman Sachs, Citi's Paul Lejuez, Baird, Mark Altschwager, Morgan Stanley, Edouard Aubin, Aubin, there's, Henning Cosman, Cosman, Joshua Spector, Spector
Organizations:
CNBC, UBS, Barclays, Bank of America, Nvidia, RBC, RBC Capital Markets, Citi, Disney, Jefferies, Paramount, Paramount Global, Dominion Energy, Dominion, Wall, JPMorgan, Ferrari, U.S, UBS downgrades
Locations:
Albemarle, Friday's, China, Birkenstock