There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Ternium SA (TX – Research Report) and Western Copper (WRN – Research Report) with bullish sentiments.
Ternium SA (TX)
In a report issued on March 24, Carlos De Alba from Morgan Stanley maintained a Buy rating on Ternium SA, with a price target of $52.00. The company’s shares closed last Friday at $39.02.
According to TipRanks.com, Alba is a 5-star analyst with an average return of
Ternium SA has an analyst consensus of Strong Buy, with a price target consensus of $47.93.
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Western Copper (WRN)
In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Western Copper, with a price target of $2.75. The company’s shares closed last Friday at $1.77.
According to TipRanks.com, Ihle has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Western Copper with a $2.75 average price target.
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Read More on TX:
- Ternium downgraded to Market Perform after rally at Itau BBA
- Ternium downgraded to Market Perform from Outperform at Itau BBA
- Ternium upgraded to Overweight from Equal Weight at Morgan Stanley
- Ternium price target raised to $45 from $43 at HSBC
- Inflation at 6.4%: 2 ‘Strong Buy’ Dividend Stocks That Beat This Rate
