Securities adjusted its outlook on Albemarle Corporation (NYSE:ALB), a leading producer of lithium, by reducing its price target from $105.00 to $90.00, while keeping a Neutral rating on the stock.

(ALB) on Wednesday reported fourth-quarter net income of $75.3 million, after reporting a loss in the same period a year earlier.

Albemarle's cyclicality may attract savvy investors, and how a flat price can yield 22% annually. Click here to find out why ...

This was the stock's fourth consecutive day of losses.

The upcoming report from Albemarle (ALB) is expected to reveal quarterly loss of $0.41 per share, indicating a decline of 122.2% compared to the year-ago period. Analysts forecast revenues of $1.38 ...

2024 --Up 13 of the past 17 sessions --Up 41.84% from its 52-week low of $1990.30 hit Wednesday, Feb. 14, 2024 --Rose 37.51% from 52 weeks ago --Up 7.00% from its 2025 settlement low of $2638.40 ...

Negative Revenue Trend: Examining Albemarle's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -41.37% in revenue growth ...