Wall Street Analysts Are Bullish on Top Materials Picks

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on US Concrete (NASDAQ: USCR) and AK Steel Holding (NYSE: AKS) with bullish sentiments.

US Concrete (NASDAQ: USCR)

D.A. Davidson analyst Brent Thielman maintained a Buy rating on US Concrete (NASDAQ: USCR) today and set a price target of $95. The company’s shares closed yesterday at $58.45, close to its 52-week low of $56.68.

According to TipRanks.com, Thielman is a 3-star analyst with an average return of 5.3% and a 52.6% success rate. Thielman covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Primoris Services Corp, and Aecom Technology Corp.

Currently, the analyst consensus on US Concrete is Strong Buy and the average price target is $85.67, representing a 46.6% upside.

In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $84 price target.

See today’s analyst top recommended stocks >>

AK Steel Holding (NYSE: AKS)

In a report released today, Curt Woodworth from Credit Suisse maintained a Buy rating on AK Steel Holding (NYSE: AKS), with a price target of $6. The company’s shares closed yesterday at $4.59.

According to TipRanks.com, Woodworth is a 5-star analyst with an average return of 15.3% and a 59.9% success rate. Woodworth covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs Inc, Kaiser Aluminum Corp, and Warrior Met Coal Llc.

AK Steel Holding has an analyst consensus of Hold, with a price target consensus of $5.13.

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