There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Hudbay Minerals (HBM – Research Report) and Sherwin-Williams Company (SHW – Research Report) with bullish sentiments.
Hudbay Minerals (HBM)
In a report issued on November 14, Sam Crittenden from RBC Capital maintained a Buy rating on Hudbay Minerals, with a price target of C$10.00. The company’s shares closed last Thursday at $4.30, close to its 52-week low of $3.94.
According to TipRanks.com, Crittenden is a 5-star analyst with an average return of
Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $7.00, implying a 58.4% upside from current levels. In a report issued on November 9, Scotiabank also maintained a Buy rating on the stock with a C$10.50 price target.
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Sherwin-Williams Company (SHW)
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Sherwin-Williams Company on November 15 and set a price target of $330.00. The company’s shares closed last Thursday at $269.30.
According to TipRanks.com, Viswanathan is a 3-star analyst with an average return of
Currently, the analyst consensus on Sherwin-Williams Company is a Moderate Buy with an average price target of $282.50.
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Read More on HBM:
- Hudbay Further Enhances Financial Flexibility with Redemption of Remaining Copper Mountain Bonds
- Hudbay Minerals announces redemption of remaining Copper Mountain bonds
- Hudbay Minerals price target lowered to C$9.30 from C$10.10 at Stifel
- Hudbay Minerals price target lowered to C$10 from C$10.50 at TD Securities
- Hudbay Minerals price target lowered to C$9 from C$9.50 at Canaccord
