Market Overview

UPDATE: Gilford Securities Downgrades Albemarle to Hold on Valuation, Restricted Fundamentals Flow

Share:
Related ALB
Benzinga's Top Upgrades, Downgrades For February 23, 2017
It's Not Too Late To Jump On Albemarle's Bandwagon; Baird Upgrades To Outperform
Valuation Complicates An Otherwise Interesting Story At W.R. Grace (Seeking Alpha)

Gilford Securities downgraded Albemarle Corporation (NYSE: ALB) from Buy to Hold.

Gilford Securities noted, "The company is a bit of a black box in the chemical space. That is, its businesses are quite unrelated and opaque from the outside. Fundamentals can change sharply and quickly without investors knowing about it until it is reported, which happened in 2H12. This puts recurring swings into the stock, as investors first fret over issues of transparency and credibility, and then get over it."

Albemarle closed at $64.95 on Monday.

Latest Ratings for ALB

DateFirmActionFromTo
Feb 2017RBC CapitalInitiates Coverage OnOutperform
Jan 2017BairdUpgradesNeutralOutperform
Aug 2016CitigroupMaintainsBuy

View More Analyst Ratings for ALB
View the Latest Analyst Ratings

Posted-In: gilford securitiesAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (ALB)

View Comments and Join the Discussion!