Alembic Global
Alembic Global Advisors is an independent equity research firm based in Norwalk, Connecticut, serving institutional investors. It specializes in global chemicals and aerospace and defense research, and organizes events that connect investors with company management teams.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 912M
- Actions
- 1412M
- Ratings / Price targets
- 3 / 11
- Upgrades / Downgrades
- 1 / 0
- Buy-rated
- 100%of 3 rated
- Median upside
- +27.9%
- Targets raised / lowered
- 1 / 2
- On record
- Jun 2014 – Jul 2026
Overview
As of 2026 two research analysts cover about 35 companies in chemicals and aerospace and defense, publishing company, industry and macro research. The firm hosts corporate-access events, including an annual conference in Deer Valley, Utah, held for the 15th time in 2025. Its analysts have been recognized by Institutional Investor, FT/StarMine and Extel. Its disclosures say it neither makes markets in securities nor performs investment banking for the companies it covers.
Two former HSBC managing directors founded Alembic in 2009 around global chemicals coverage. In 2010 it partnered with HC Securities & Investment to publish Middle East and North Africa research under the AlembicHC brand. Coverage later broadened beyond chemicals, and aerospace and defense coverage began in 2018.
Milestones
- 2009
Founded with global chemicals coverage
- 2010
Launches AlembicHC MENA research venture with HC Securities
- 2018
Adds aerospace and defense coverage
Firm facts
- Legal name
- Alembic Global Advisors LLC
- Type
- Independent research
- Founded
- 2009
- Headquarters
- Norwalk, United States
- Rating scale
- OverweightNeutralUnderweight
- Website
- alembicglobal.com
Research philosophy
Our goal is to provide high quality, proprietary and actionable research into company, industry and broader macro trends on a truly global level.
Alembic says its name, taken from a distilling apparatus, reflects both its origins in chemicals research and its aim to distill global data into useful investment insights. Its analysts pool their expertise to produce research that connects developments across sectors.
Rating methodology
Stocks are rated Overweight, Neutral or Underweight.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 LyondellBasell Industries N.V.LYB | Overweight | $83 |
 Dow Inc.DOW | Overweight | $45 |
 Northrop Grumman CorporationNOC | Overweight | $662 |
 Tronox Holdings plcTROX | — | $6 |
 ATI Inc.ATI | — | $141 |
 BWX Technologies, Inc.BWXT | Overweight | — |
 The Chemours CompanyCC | — | $30 |
 Celanese CorporationCE | Neutral | $60 |
 Huntington Ingalls Industries, Inc.HII | Neutral | — |
 Huntsman CorporationHUN | — | $11 |
Most active analysts
- Hassan Ahmed5 notesDOWTROXLYB
- Peter Skibitski1 notesNOC
Recent actions
| Date | Stock | Rating action | Rating | Target | Analyst |
|---|---|---|---|---|---|
| Jul 2 | LyondellBasell Industries N.V.LYB | Reiterate | Overweight | $100 →$83 | |
| Jul 2 | Dow Inc.DOW | Reiterate | Overweight | $50 →$45 | Hassan Ahmed |
| Jun 16 | PCPureCycle Technologies, Inc.PCT | Target | $16 | ||
| May 13 | The Chemours CompanyCC | Target | $30 | ||
| Apr 9 | LyondellBasell Industries N.V.LYB | Target | $67 →$100 | ||
| Apr 9 | Dow Inc.DOW | Target | $50 | Hassan Ahmed | |
| Jan 15 | ATI Inc.ATI | Target | $141 | ||
| Dec 15, 2025 | Northrop Grumman CorporationNOC | Upgrade | Neutral →Overweight | $662 | Peter Skibitski |
| Dec 1, 2025 |  Solstice Advanced Materials Inc.SOLS | Target | $60 |