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Albemarle Corporation (ALB) [hlAlert]

Rating:
Underperform
ALB
down 1.61 %

Albemarle Corporation (ALB) downgraded to Underperform by Oppenheimer

Posted on: Tuesday,  Aug 16, 2011  8:25 AM ET by Oppenheimer

Oppenheimer rated Underperform Albemarle Corporation (NYSE: ALB) on 08/16/2011. Previously Oppenheimer rated Perform
Albemarle Corporation (NYSE: ALB) on 08/06/2009., when the stock price was $31.90. Since then, Albemarle Corporation has gained 81.47% as of 08/16/2011's recent price of $57.89.

Albemarle Corporation is a major producer of fine and performance chemicals including polymer intermediates, cleaning product intermediates and additives, agricultural chemical intermediates, pharmaceutical intermediates, catalysts, brominated flame retardants, bromine chemicals and potassium and chlorine chemicals.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/16/2011 8:25 AM Sell
None
57.89
as of 12/30/2011
1 Week down  -0.72 %
1 Month up  5.53 %
3 Months down  -27.50 %
1 YTD up  11.02 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/6/2009 8:25 AM None
None
31.90
11/18/2008 8:25 AM Sell
None
21.80

(*) Stock Price at the time of the recommendation.
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