Albemarle shares down 52% since April, BMO Capital forecasts 70% upside potential
BMO Bank of Montreal
$163.88 +0.79%
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- 1Albemarle closed at $102.75 on October 7, representing a 52% decline since April.
- 2BMO Capital lowered its price target for Albemarle to $175 on October 6.
- 3CFO Neil Storey said he expects third-quarter net sales and adjusted EBITDA for the energy storage segment to decrease.
So what's the key point?
Albemarle shares have fallen by more than half since last April. While experts see potential for the stock to rise further, the company's sales are expected to decline.
Source TIKR · View original ↗
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