There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Alliance Resource (ARLP – Research Report) and Avantor (AVTR – Research Report) with bullish sentiments.
Alliance Resource (ARLP)
In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Alliance Resource, with a price target of $32.00. The company’s shares closed last Friday at $22.31.
According to TipRanks.com, Reichman has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alliance Resource with a $29.33 average price target, a 30.4% upside from current levels. In a report issued on January 31, Benchmark Co. also reiterated a Buy rating on the stock with a $28.00 price target.
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Avantor (AVTR)
In a report released today, Brandon Couillard from Jefferies maintained a Buy rating on Avantor, with a price target of $29.00. The company’s shares closed last Friday at $23.05.
According to TipRanks.com, Couillard is a top 100 analyst with an average return of
Avantor has an analyst consensus of Strong Buy, with a price target consensus of $27.67, a 15.8% upside from current levels. In a report issued on January 24, Barclays also maintained a Buy rating on the stock with a $26.00 price target.
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Read More on ARLP:
- Alliance Resource Partners says well positioned to achieve record year in 2023
- Alliance Resource Partners increases unit repurchase program to $100M
- Alliance Resource Partners reports Q4 EPS $1.63, consensus $1.42
- Alliance Resource Partners increases distribution 40% to 70c per unit
- Seeking at Least 9% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
