Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Avient (AVNT – Research Report) and LANXESS (LNXSF – Research Report).
Avient (AVNT)
Seaport Global analyst Michael Harrison CFA assigned a Buy rating to Avient today and set a price target of $48.00. The company’s shares closed last Tuesday at $46.32, close to its 52-week high of $47.87.
According to TipRanks.com, CFA is a 4-star analyst with an average return of
Avient has an analyst consensus of Strong Buy, with a price target consensus of $47.60, which is a 4.7% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $52.00 price target.
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LANXESS (LNXSF)
In a report released today, Samuel Perry from UBS maintained a Hold rating on LANXESS, with a price target of EUR26.00. The company’s shares closed last Friday at $28.75.
According to TipRanks.com, Perry is ranked #3587 out of 8824 analysts.
Currently, the analyst consensus on LANXESS is a Hold with an average price target of $29.94, implying a 4.1% upside from current levels. In a report issued on April 26, Barclays also maintained a Hold rating on the stock with a EUR30.00 price target.
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