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Fly News Breaks for November 6, 2015
ALB
Nov 6, 2015 | 08:40 EDT
Citi analyst P.J. Juvekar recommends using yesterday's pullback in shares of Albemarle as a buying opportunity. The stock dropped after earnings on concern over the bromine business, where EBITDA was down 6%, the analyst tells investors in a research note. Margins in bromine remain good at 30%, Juvekar points out. He believes continued underperformance of the shares could attract an activist investor. The analyst keeps a Buy rating on Albemarle with a $62 price target.
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