There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Anadarko Petroleum (APC) and Fluor Corp (FLR) with bullish sentiments.
Anadarko Petroleum (APC)
In a report released yesterday, William Featherston from Credit Suisse maintained a Buy rating on Anadarko Petroleum, with a price target of $89. The company’s shares closed yesterday at $56.38.
According to TipRanks.com, Featherston is a 1-star analyst with an average return of -2.1% and a 45.5% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Chesapeake Energy, Devon Energy Corp, and Murphy Oil Corp.
Anadarko Petroleum has an analyst consensus of Strong Buy, with a price target consensus of $87.23, representing a 54.7% upside. In a report issued on November 1, Jefferies also maintained a Buy rating on the stock with a $84 price target.
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Fluor Corp (FLR)
Credit Suisse analyst Jamie Cook maintained a Buy rating on Fluor Corp yesterday and set a price target of $74. The company’s shares closed yesterday at $44.67, close to its 52-week low of $42.22.
According to TipRanks.com, Cook is a 4-star analyst with an average return of 6.6% and a 55.6% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Aecom Technology Corp, and Quanta Services.
Fluor Corp has an analyst consensus of Moderate Buy, with a price target consensus of $61.13.
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