There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Huntsman (HUN – Research Report), Teck Resources (TECK – Research Report) and PPG Industries (PPG – Research Report) with bullish sentiments.
Huntsman (HUN)
Jefferies analyst Laurence Alexander maintained a Buy rating on Huntsman today and set a price target of $29.00. The company’s shares closed last Monday at $23.43, close to its 52-week low of $22.14.
According to TipRanks.com, Alexander is a 3-star analyst with an average return of
Currently, the analyst consensus on Huntsman is a Hold with an average price target of $26.44.
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Teck Resources (TECK)
In a report released today, Nathan Martin from Benchmark Co. maintained a Buy rating on Teck Resources, with a price target of $50.00. The company’s shares closed last Monday at $38.16.
According to TipRanks.com, Martin is a 5-star analyst with an average return of
Currently, the analyst consensus on Teck Resources is a Strong Buy with an average price target of $47.46, implying a 24.4% upside from current levels. In a report issued on January 16, UBS also initiated coverage with a Buy rating on the stock with a C$63.00 price target.
PPG Industries (PPG)
KeyBanc analyst Aleksey Yefremov reiterated a Buy rating on PPG Industries today and set a price target of $167.00. The company’s shares closed last Monday at $142.09.
According to TipRanks.com, Yefremov is a 4-star analyst with an average return of
Currently, the analyst consensus on PPG Industries is a Strong Buy with an average price target of $162.89, a 14.9% upside from current levels. In a report issued on January 8, Barclays also maintained a Buy rating on the stock with a $163.00 price target.
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