J.P. Morgan Maintain Overweight Rating on Albemarle

A report from J.P. Morgan reiterates its Overweight rating on Albemarle (NYSE: ALB).

The report states, “Albemarle reported 3Q:11 EPS of $1.28 versus $1.02 in the year-ago quarter, and our forecast of $1.21. The Bloomberg Consensus was $1.18. Our EPS forecast did not reflect the $0.03/sh benefit from the share repurchase actions completed in Q3:11 and disclosed by the company on October 13th”.

ALB closed yesterday at $48.61.