Analysts have been eager to weigh in on the Materials sector with new ratings on Celanese (CE – Research Report) and Fortescue Metals Group Ltd (FSUMF – Research Report).
Celanese (CE)
In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on Celanese, with a price target of $150.00. The company’s shares closed last Monday at $120.00.
According to TipRanks.com, Ahmed is a 4-star analyst with an average return of
Celanese has an analyst consensus of Moderate Buy, with a price target consensus of $131.13, representing a 10.9% upside. In a report issued on August 14, RBC Capital also maintained a Buy rating on the stock with a $145.00 price target.
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Fortescue Metals Group Ltd (FSUMF)
In a report released today, Paul Young from Goldman Sachs maintained a Sell rating on Fortescue Metals Group Ltd, with a price target of A$13.00. The company’s shares closed last Friday at $13.40.
According to TipRanks.com, Young is a 5-star analyst with an average return of
Currently, the analyst consensus on Fortescue Metals Group Ltd is a Moderate Sell with an average price target of $11.39, implying a -14.7% downside from current levels. In a report released today, Bank of America Securities also maintained a Sell rating on the stock with a A$16.60 price target.
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Read More on CE:
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- Berkshire Hathaway takes new stake in D.R. Horton, exits McKesson position
- Celanese price target raised to $155 from $146 at Barclays
- Celanese price target raised to $145 from $128 at RBC Capital
