There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Targa Resources Corp (NYSE:TRGP) and Evoqua Water Technologies Corp (NYSE:AQUA) with bullish sentiments.
Targa Resources Corp (TRGP)
In a report released yesterday, Selman Akyol from Stifel Nicolaus reiterated a Buy rating on Targa Resources Corp, with a price target of $57. The company’s shares closed yesterday at $52.52, close to its 52-week high of $54.81.
According to TipRanks.com, Akyol is a 4-star analyst with an average return of 3.3% and a 61.5% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and Spectra Energy Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Targa Resources Corp with a $54.29 average price target, implying a 3.4% upside from current levels. In a report issued on July 27, Guggenheim also reiterated a Buy rating on the stock with a $54 price target.
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Evoqua Water Technologies Corp (AQUA)
In a report released yesterday, Joseph Giordano from Cowen & Co. reiterated a Buy rating on Evoqua Water Technologies Corp, with a price target of $22. The company’s shares closed yesterday at $17.61, close to its 52-week low of $17.58.
According to TipRanks.com, Giordano is a 5-star analyst with an average return of 20.9% and a 77.1% success rate. Giordano covers the Industrial Goods sector, focusing on stocks such as Roper Technologies, Parker Hannifin, and Idex Corp.
Currently, the analyst consensus on Evoqua Water Technologies Corp is a Strong Buy with an average price target of $23.50.
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