There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Alliance Resource (ARLP – Research Report) and IGO (IPGDF – Research Report) with bullish sentiments.
Alliance Resource (ARLP)
Noble Financial analyst Mark Reichman maintained a Buy rating on Alliance Resource today and set a price target of $30.00. The company’s shares closed last Tuesday at $24.85, close to its 52-week high of $27.63.
According to TipRanks.com, Reichman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alliance Resource with a $30.00 average price target.
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IGO (IPGDF)
In a report issued on October 31, Lyndon Fagan from J.P. Morgan maintained a Buy rating on IGO, with a price target of A$17.40. The company’s shares closed last Tuesday at $10.00.
According to TipRanks.com, Fagan is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IGO with a $9.89 average price target, which is a -1.1% downside from current levels. In a report issued on October 17, RBC Capital also maintained a Buy rating on the stock with a A$17.00 price target.
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