Analysts have been eager to weigh in on the Materials sector with new ratings on Axalta Coating Systems (AXTA – Research Report) and Newmont Mining (NEM – Research Report).
Axalta Coating Systems (AXTA)
In a report released today, Aleksey Yefremov from KeyBanc maintained a Buy rating on Axalta Coating Systems, with a price target of $40.00. The company’s shares closed last Wednesday at $35.57, close to its 52-week high of $36.56.
According to TipRanks.com, Yefremov is a 5-star analyst with an average return of
Axalta Coating Systems has an analyst consensus of Strong Buy, with a price target consensus of $40.08, implying a 9.0% upside from current levels. In a report issued on May 1, Wells Fargo also upgraded the stock to Buy with a $42.00 price target.
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Newmont Mining (NEM)
In a report released today, Bob Brackett from Bernstein maintained a Hold rating on Newmont Mining, with a price target of $45.00. The company’s shares closed last Wednesday at $43.19.
According to TipRanks.com, Brackett is a 5-star analyst with an average return of
Newmont Mining has an analyst consensus of Hold, with a price target consensus of $44.09, which is a 2.2% upside from current levels. In a report issued on May 1, National Bank also downgraded the stock to Hold with a C$67.00 price target.
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Read More on AXTA:
- Axalta Coating to acquire The CoverFlexx Group for initial $285M consideration
- Axalta Coating to acquire automotive coatings company CoverFlexx
- Axalta Coating Systems Announces CoverFlexx Group Acquisition
- Axalta to Acquire The CoverFlexx Group, a Leading Aftermarket Coatings Business Focused on Economy Customers in North America
- Axalta Coating price target raised to $42 from $39 at RBC Capital
