Albermarle Corp. (ALB) Jumps 7.2% on Bullish Rating

Albermarle Corporation (NYSE:ALB) is one of These 10 Stocks Are Making Big Moves.

Albermarle Corp. rebounded by 7.21 percent on Tuesday to close at $70.22 apiece as investor sentiment was bolstered by an investment firm’s bullish rating for its stock.

In a market note, Jefferies reaffirmed its “buy” recommendation for Albermarle Corporation (NYSE:ALB), but lowered its price target for its stock to $84 from $85 previously. Still, the new figure marked a 19.6-percent upside from its latest closing price.

Meanwhile, Albermarle Corporation (NYSE:ALB) earned a more conservative “Hold” recommendation from Zacks Research, on expectations that it would post sales of $1.21 billion for the current quarter or a -15 percent change year-on-year.

Albermarle Corp. (ALB) Jumps 7.2% on Bullish Rating

A team of scientists in a laboratory observing the sophisticated engineering of specialty chemicals.

Meanwhile, it sees the company recording $4.86 billion and $5.35 billion in sales for the current and next fiscal years indicating changes of -9.5 percent and +9.9 percent, respectively.

Albermarle Corporation (NYSE:ALB) is a US-based specialty chemicals manufacturing company that serves various industries, including agriculture, automotive, aviation, building and construction, among others.

While we acknowledge the risk and potential of ALB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ALB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.