There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Orica Limited (OCLDF – Research Report) and Louisiana-Pacific (LPX – Research Report) with bullish sentiments.
Orica Limited (OCLDF)
In a report released today, Richard Johnson from Jefferies maintained a Buy rating on Orica Limited, with a price target of A$18.80. The company’s shares closed last Tuesday at $9.55.
According to TipRanks.com, Johnson is ranked #4145 out of 8601 analysts.
Currently, the analyst consensus on Orica Limited is a Strong Buy with an average price target of $11.77, a 23.2% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a A$17.00 price target.
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Louisiana-Pacific (LPX)
D.A. Davidson analyst Kurt Yinger maintained a Buy rating on Louisiana-Pacific today and set a price target of $76.00. The company’s shares closed last Thursday at $58.52.
According to TipRanks.com, Yinger 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 Louisiana-Pacific with a $71.43 average price target, representing a 20.6% upside. In a report issued on November 1, Truist Financial also maintained a Buy rating on the stock with a $75.00 price target.
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