There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Vale SA (VALE – Research Report), PPG Industries (PPG – Research Report) and Pilbara Minerals Limited (PILBF – Research Report) with bullish sentiments.
Vale SA (VALE)
RBC Capital analyst Srivathsan Manoharan maintained a Buy rating on Vale SA on April 19 and set a price target of $18.50. The company’s shares closed last Friday at $12.18, close to its 52-week low of $11.52.
According to TipRanks.com, Manoharan is ranked #3074 out of 8786 analysts.
Currently, the analyst consensus on Vale SA is a Moderate Buy with an average price target of $16.37, implying a 38.1% upside from current levels. In a report issued on April 17, Jefferies also maintained a Buy rating on the stock with a $16.00 price target.
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PPG Industries (PPG)
In a report released today, Aleksey Yefremov from KeyBanc maintained a Buy rating on PPG Industries, with a price target of $162.00. The company’s shares closed last Friday at $130.90.
According to TipRanks.com, Yefremov is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PPG Industries with a $159.00 average price target, representing a 19.5% upside. In a report issued on April 11, Wells Fargo also upgraded the stock to Buy with a $163.00 price target.
Pilbara Minerals Limited (PILBF)
The company’s shares closed last Friday at $2.40.
According to TipRanks.com, Peker is a 1-star analyst with an average return of
Pilbara Minerals Limited has an analyst consensus of Hold, with a price target consensus of $2.51, a 6.8% upside from current levels. In a report issued on April 8, Jefferies also maintained a Buy rating on the stock with a A$4.40 price target.
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