Analysts have been eager to weigh in on the Materials sector with new ratings on Southern Copper (SCCO – Research Report) and Air Products and Chemicals (APD – Research Report).
Southern Copper (SCCO)
In a report released today, Carlos De Alba from Morgan Stanley maintained a Sell rating on Southern Copper, with a price target of $82.50. The company’s shares closed last Tuesday at $118.28, close to its 52-week high of $121.00.
According to TipRanks.com, Alba is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Southern Copper with a $83.92 average price target, implying a -28.2% downside from current levels. In a report issued on April 22, HSBC also downgraded the stock to Sell with a $80.00 price target.
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Air Products and Chemicals (APD)
Alembic Global analyst Hassan Ahmed maintained a Buy rating on Air Products and Chemicals today and set a price target of $355.00. The company’s shares closed last Tuesday at $230.40.
According to TipRanks.com, Ahmed is a 4-star analyst with an average return of
Currently, the analyst consensus on Air Products and Chemicals is a Moderate Buy with an average price target of $277.00.
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