Analysts have been eager to weigh in on the Materials sector with new ratings on United States Steel (X – Research Report) and Eastman Chemical (EMN – Research Report).
United States Steel (X)
Wolfe Research analyst Timna Tanners initiated coverage with a Sell rating on United States Steel on October 27 and set a price target of $27.00. The company’s shares closed last Friday at $33.59, close to its 52-week high of $33.74.
According to TipRanks.com, Tanners is a 1-star analyst with an average return of
United States Steel has an analyst consensus of Hold, with a price target consensus of $33.50.
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Eastman Chemical (EMN)
KeyBanc analyst Aleksey Yefremov reiterated a Buy rating on Eastman Chemical today and set a price target of $95.00. The company’s shares closed last Friday at $72.58, close to its 52-week low of $68.89.
According to TipRanks.com, Yefremov is a 4-star analyst with an average return of
Currently, the analyst consensus on Eastman Chemical is a Moderate Buy with an average price target of $89.92, which is a 24.3% upside from current levels. In a report issued on October 18, Bank of America Securities also maintained a Buy rating on the stock with a $101.00 price target.
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Read More on X:
- U.S. Steel’s (NYSE:X) Q3 Results Surpass Estimates Despite Lower Prices
- U.S. Steel reports Q3 adjusted EPS $1.40, consensus $1.15
- X Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- U.S. Steel (NYSE:X) Notches Up as New Bidder Shows Up
- US Steel call volume above normal and directionally bullish
