Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Alcoa (AA – Research Report), Pan American Silver (PAAS – Research Report) and Albemarle (ALB – Research Report).
Alcoa (AA)
In a report issued on January 18, Carlos De Alba from Morgan Stanley maintained a Sell rating on Alcoa, with a price target of $29.50. The company’s shares closed last Monday at $27.73, close to its 52-week low of $23.07.
According to TipRanks.com, Alba is a 5-star analyst with an average return of
Currently, the analyst consensus on Alcoa is a Hold with an average price target of $32.25, implying a 20.0% upside from current levels. In a report issued on January 16, UBS also initiated coverage with a Sell rating on the stock with a $29.00 price target.
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Pan American Silver (PAAS)
In a report issued on January 18, Ovais Habib from Scotiabank maintained a Buy rating on Pan American Silver, with a price target of $20.00. The company’s shares closed last Monday at $13.68, close to its 52-week low of $13.13.
According to TipRanks.com, Habib is a 1-star analyst with an average return of
Pan American Silver has an analyst consensus of Strong Buy, with a price target consensus of $21.54, representing a 60.6% upside. In a report issued on January 11, RBC Capital also maintained a Buy rating on the stock with a $21.00 price target.
Albemarle (ALB)
Wells Fargo analyst Michael Sison assigned a Buy rating to Albemarle on January 17 and set a price target of $160.00. The company’s shares closed last Monday at $117.98, close to its 52-week low of $112.00.
According to TipRanks.com, Sison is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Albemarle with a $168.20 average price target, a 47.8% upside from current levels. In a report issued on January 9, KeyBanc also maintained a Buy rating on the stock with a $199.00 price target.
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