There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Largo Resources (LGO – Research Report) and Celanese (CE – Research Report) with bullish sentiments.
Largo Resources (LGO)
H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Largo Resources today and set a price target of $4.80. The company’s shares closed last Thursday at $1.67, close to its 52-week low of $1.38.
According to TipRanks.com, Ihle is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Largo Resources with a $4.29 average price target, representing a 166.5% upside. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a C$5.00 price target.
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Celanese (CE)
In a report released today, Charles Neivert from Piper Sandler maintained a Buy rating on Celanese, with a price target of $180.00. The company’s shares closed last Thursday at $155.67.
According to TipRanks.com, Neivert is a 1-star analyst with an average return of
Celanese has an analyst consensus of Hold, with a price target consensus of $168.44, implying a 6.3% upside from current levels. In a report issued on May 9, Wells Fargo also maintained a Buy rating on the stock with a $195.00 price target.
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