Analysts have been eager to weigh in on the Materials sector with new ratings on Arconic Inc (ARNC) and National-Oilwell (NOV).
Arconic Inc (ARNC)
Credit Suisse analyst Curt Woodworth maintained a Buy rating on Arconic Inc yesterday and set a price target of $25. The company’s shares closed yesterday at $17.10, close to its 52-week low of $15.63.
According to TipRanks.com, Woodworth is a 5-star analyst with an average return of 10.2% and a 56.0% success rate. Woodworth covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs Inc, United States Steel, and AK Steel Holding.
Currently, the analyst consensus on Arconic Inc is a Moderate Buy with an average price target of $22.20.
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National-Oilwell (NOV)
In a report issued on February 7, James Wicklund from Credit Suisse maintained a Hold rating on National-Oilwell, with a price target of $30. The company’s shares closed yesterday at $28.35, close to its 52-week low of $24.27.
According to TipRanks.com, Wicklund is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.7% and a 31.9% success rate. Wicklund covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Ncs Multistage Holdings Inc, and Covia Holdings Corporation.
Currently, the analyst consensus on National-Oilwell is a Hold with an average price target of $33.38, implying a 17.7% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $31 price target.
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