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Analysts’ Top Materials Picks: Avient (AVNT), International Flavors & Fragrances (IFF)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Avient (AVNTResearch Report) and International Flavors & Fragrances (IFFResearch Report) with bullish sentiments.

Avient (AVNT)

In a report released yesterday, Michael Sison from Wells Fargo maintained a Buy rating on Avient, with a price target of $52.00. The company’s shares closed last Tuesday at $46.32.

According to TipRanks.com, Sison is a 5-star analyst with an average return of 8.6% and a 58.7% success rate. Sison covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company.

Avient has an analyst consensus of Strong Buy, with a price target consensus of $47.50.

See today’s best-performing stocks on TipRanks >>

International Flavors & Fragrances (IFF)

Citi analyst Patrick Cunningham, CFA maintained a Buy rating on International Flavors & Fragrances yesterday and set a price target of $108.00. The company’s shares closed last Tuesday at $94.33, close to its 52-week high of $97.49.

According to TipRanks.com, CFA is a 3-star analyst with an average return of 3.2% and a 60.5% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on International Flavors & Fragrances is a Moderate Buy with an average price target of $94.40, a 1.9% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $110.00 price target.

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