Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Vale SA (VALE), Phillips 66 (PSX) and Kosmos Energy (KOS).
Vale SA (VALE)
Barclays analyst Amos Fletcher maintained a Buy rating on Vale SA yesterday and set a price target of $16.25. The company’s shares opened today at $14.22.
According to TipRanks.com, Fletcher is ranked #2732 out of 5142 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vale SA with a $16 average price target.
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Phillips 66 (PSX)
Barclays analyst Paul Cheng maintained a Hold rating on Phillips 66 yesterday and set a price target of $120. The company’s shares opened today at $92.25.
According to TipRanks.com, Cheng is a 4-star analyst with an average return of 2.8% and a 47.9% success rate. Cheng covers the Basic Materials sector, focusing on stocks such as Petroleo Brasileiro SA- Petrobras, Marathon Petroleum Corporation, and Imperial Oil Limited.
Currently, the analyst consensus on Phillips 66 is a Moderate Buy with an average price target of $122.67.
Kosmos Energy (KOS)
Barclays analyst James Hosie maintained a Buy rating on Kosmos Energy yesterday and set a price target of $8.50. The company’s shares opened today at $5.04.
According to TipRanks.com, Hosie is ranked #4520 out of 5142 analysts.
Currently, the analyst consensus on Kosmos Energy is a Strong Buy with an average price target of $8.98, implying a 78.2% upside from current levels. In a report issued on January 4, Bernstein also upgraded the stock to Buy.
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