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.

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.

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