Deutsche Bank On ALB 2015 Targets

Deutsche Bank has issued a report regarding the 2015 estimates for Albemarle ALB. According to the report, "Albemarle's investor meeting exceeded expectations with robust 2015 sales (10-13% organic, 15-18% incl M&A) and EPS (14-17% organic, 19-22% incl M&A) growth targets. While 20%-plus EPS growth seems on the surface aggressive, the assumptions underlying the target appear, in our view, reasonable .In the nearterm we expect Albemarle to continue to perform at a high level due to tight bromine supply/demand and strong refinery and polyolefin catalyst fundamentals." ALB is Buy rated and has a $75 Price Target. ALB closed at $68.28 a share yesterday.