10 Best Dividend Stocks to Buy According to D. E. Shaw

7. Albemarle Corporation (NYSE:ALB)

D E Shaw’s Stake Value: $240,535,730

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.

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