Jefferies Increases Albemarle PT To $75 (ALB)

Jefferies increases its PT of Albemarle ALB to $74 from $61 today with a rating of Buy. States Jefferies, "Better pricing for FCC catalysts, demand prospects for HPC and polyolefin catalysts, a revitalized R&D pipeline, and a structural cost advantage in bromine make Albemarle one of the more attractive thematic investments in chemicals, in our view. We reiterate our Buy rating and raise our target $14 to $75." Albemarle stocks are currently trading at $58.54, -0.4% from yesterday's close.