Companies in the Materials sector have received a lot of coverage today as analysts weigh in on United States Steel (X) and Weatherford (WFT).
United States Steel (X)
In a report issued on November 2, Seth Rosenfeld from Jefferies reiterated a Buy rating on United States Steel, with a price target of $38. The company’s shares opened today at $27.90, close to its 52-week low of $24.84.
According to TipRanks.com, Rosenfeld is ranked #621 out of 4900 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for United States Steel with a $37.80 average price target.
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Weatherford (WFT)
In a report released today, Brad Handler from Jefferies reiterated a Hold rating on Weatherford, with a price target of $1.25. The company’s shares opened today at $1.25, close to its 52-week low of $1.10.
According to TipRanks.com, Handler is ranked 0 out of 5 stars with an average return of -7.4% and a 34.7% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, C&J Energy Services Inc, and Frank’s International.
The word on The Street in general, suggests a Hold analyst consensus rating for Weatherford with a $2.31 average price target, an 84.8% upside from current levels. In a report issued on October 31, UBS also downgraded the stock to Hold with a $1.50 price target.
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