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Analysts Offer Insights on Materials Companies: Celanese (CE) and Sylvamo Corp (SLVM)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Celanese (CEResearch Report) and Sylvamo Corp (SLVMResearch Report).

Celanese (CE)

Credit Suisse analyst John Roberts CFA reiterated a Sell rating on Celanese today and set a price target of $100.00. The company’s shares closed last Wednesday at $102.23.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 6.6% and a 59.4% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Orion Engineered, and Chemours Company.

Currently, the analyst consensus on Celanese is a Moderate Buy with an average price target of $129.86.

See today’s best-performing stocks on TipRanks >>

Sylvamo Corp (SLVM)

RBC Capital analyst Paul Quinn reiterated a Buy rating on Sylvamo Corp today and set a price target of $55.00. The company’s shares closed last Wednesday at $42.46.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 19.4% and a 58.3% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, GreenFirst Forest Products, and West Fraser Timber Co.

Currently, the analyst consensus on Sylvamo Corp is a Moderate Buy with an average price target of $56.50.

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