There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Waste Connections Inc (WCN) and QEP Resources (QEP) with bullish sentiments.
Waste Connections Inc (WCN)
Oppenheimer analyst Noah Kaye assigned a Buy rating to Waste Connections Inc yesterday. The company’s shares closed yesterday at $89.24, close to its 52-week high of $90.09.
According to TipRanks.com, Kaye is a 5-star analyst with an average return of 9.4% and a 60.6% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and BorgWarner.
Waste Connections Inc has an analyst consensus of Strong Buy, with a price target consensus of $94.13, implying a 5.5% upside from current levels. In a report issued on April 23, Scotiabank also initiated coverage with a Buy rating on the stock with a $100 price target.
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QEP Resources (QEP)
In a report released yesterday, Tim Rezvan from Oppenheimer assigned a Buy rating to QEP Resources. The company’s shares closed yesterday at $8.05.
According to TipRanks.com, Rezvan is a 3-star analyst with an average return of 2.9% and a 54.4% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Occidental Petroleum.
QEP Resources has an analyst consensus of Hold, with a price target consensus of $9.56.
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