There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Sherwin-Williams Company (SHW – Research Report), Peninsula Energy Limited (PENMF – Research Report) and MP Materials (MP – Research Report) with bullish sentiments.
Sherwin-Williams Company (SHW)
In a report released today, Vincent Andrews from Morgan Stanley maintained a Buy rating on Sherwin-Williams Company, with a price target of $275.00. The company’s shares closed last Tuesday at $234.79.
According to TipRanks.com, Andrews is a 4-star analyst with an average return of
Sherwin-Williams Company has an analyst consensus of Moderate Buy, with a price target consensus of $255.46, which is a 7.3% upside from current levels. In a report issued on April 13, Deutsche Bank also reiterated a Buy rating on the stock with a $260.00 price target.
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Peninsula Energy Limited (PENMF)
H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Peninsula Energy Limited today and set a price target of A$0.40. The company’s shares closed last Tuesday at $0.09, close to its 52-week low of $0.08.
According to TipRanks.com, Ihle has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on Peninsula Energy Limited is a Moderate Buy with an average price target of $0.27.
MP Materials (MP)
In a report released yesterday, Carlos De Alba from Morgan Stanley maintained a Buy rating on MP Materials, with a price target of $35.00. The company’s shares closed last Tuesday at $22.14, close to its 52-week low of $21.63.
According to TipRanks.com, Alba is a 5-star analyst with an average return of
MP Materials has an analyst consensus of Strong Buy, with a price target consensus of $38.38, implying a 70.5% upside from current levels. In a report issued on April 13, Cowen & Co. also reiterated a Buy rating on the stock with a $40.00 price target.
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Read More on SHW:
- The Sherwin-Williams Company Reports 2023 First Quarter Financial Results
- Sherwin-Williams Declares Dividend of $0.605 per Common Share
- Sherwin-Williams price target raised to $263 from $255 at Mizuho
- Sherwin-Williams to divest China paint business to Akzo Nobel N.V.
- Sherwin-Williams named short-term buy idea at Deutsche Bank
