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Analysts’ Top Materials Picks: Corteva (CTVA), Eastman Chemical (EMN)

Analysts fell to the sidelines weighing in on Corteva (CTVAResearch Report) and Eastman Chemical (EMNResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Corteva (CTVA)

In a report released today, Benjamin Theurer from Barclays maintained a Hold rating on Corteva, with a price target of $55.00. The company’s shares closed last Thursday at $54.06.

According to TipRanks.com, Theurer is a 4-star analyst with an average return of 5.8% and a 55.3% success rate. Theurer covers the Consumer Goods sector, focusing on stocks such as Beyond Meat, Tyson Foods, and Ingredion.

Corteva has an analyst consensus of Moderate Buy, with a price target consensus of $57.88, representing a 2.5% upside. In a report released yesterday, Goldman Sachs also maintained a Hold rating on the stock.

See today’s best-performing stocks on TipRanks >>

Eastman Chemical (EMN)

In a report released yesterday, Michael Leithead from Barclays maintained a Hold rating on Eastman Chemical, with a price target of $85.00. The company’s shares closed last Thursday at $84.86.

According to TipRanks.com, Leithead is a 4-star analyst with an average return of 5.6% and a 58.2% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

The word on The Street in general, suggests a Hold analyst consensus rating for Eastman Chemical with a $92.75 average price target, representing a 10.1% upside. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $93.00 price target.

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