Analysts Just Revised Their Ratings for These 5 Stocks

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In this article, we discuss analysts’ revised recommendations for 5 companies. If you want to see some more companies that received ratings-change from analysts, go directly to Analysts Just Revised Their Ratings for These 10 Stocks.

5. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Holders: 44

Shares of Albemarle Corporation (NYSE:ALB) rose nearly four percent on Wednesday, July 20, 2022, after KeyBanc upgraded the Charlotte-based specialty chemicals company from “Underweight” to “Sector Weight.”

KeyBanc analyst Aleksey Yefremov expects U.S. chemical stocks, including Albemarle Corporation (NYSE:ALB), to deliver solid results for the second quarter. He also expects Albemarle Corporation (NYSE:ALB) to benefit from higher lithium prices.

Albemarle Corporation (NYSE:ALB) is a leading provider of lithium, a critical component in EV batteries. The rapid adoption of EVs around the world has raised the demand for battery components, enabling lithium producers to capitalize on the solid demand.

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