Albemarle (ALB -5.2%) is cut to Hold from Buy at Deutsche Bank, which sees no near-term...

|About: Albemarle Corporation (ALB)|By:, SA News Editor

Albemarle (ALB -5.2%) is cut to Hold from Buy at Deutsche Bank, which sees no near-term catalysts after the specialty chemical maker's Q4 results, as 2013 EPS will be back-end loaded and valuation is fair at 13.2x estimated EPS. With H1 EPS expected down 17% Y/Y, the firm believes the shares will be range-bound for now.