There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Republic Services (NYSE:RSG) and Plains GP Holdings (NYSE:PAGP) with bullish sentiments.
Republic Services (RSG)
Raymond James analyst Michael Gibbs maintained a Buy rating on Republic Services on August 8 and set a price target of $74. The company’s shares opened today at $72.77, close to its 52-week high of $73.46.
According to TipRanks.com, Gibbs is ranked #715 out of 4847 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Republic Services with a $75 average price target.
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Plains GP Holdings (PAGP)
In a report issued on August 8, Darren Horowitz from Raymond James maintained a Buy rating on Plains GP Holdings, with a price target of $30. The company’s shares opened today at $26.63, close to its 52-week high of $27.
According to TipRanks.com, Horowitz is a 4-star analyst with an average return of 5.8% and a 63.4% success rate. Horowitz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, EnLink Midstream Partners, and Spectra Energy Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Plains GP Holdings with a $27.83 average price target, implying a 4.5% upside from current levels. In a report issued on July 27, Seaport Global also reiterated a Buy rating on the stock with a $28 price target.
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