There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Continental Resources (CLR) and Aecom Technology Corp (ACM) with bullish sentiments.
Continental Resources (CLR)
KeyBanc analyst Leo Mariani maintained a Buy rating on Continental Resources today and set a price target of $40.00. The company’s shares closed last Monday at $28.22, close to its 52-week low of $27.26.
According to TipRanks.com, Mariani is ranked 0 out of 5 stars with an average return of -10.7% and a 29.9% success rate. Mariani covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
Continental Resources has an analyst consensus of Moderate Buy, with a price target consensus of $44.30, a 59.0% upside from current levels. In a report issued on October 4, Morgan Stanley also maintained a Buy rating on the stock with a $44.00 price target.
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Aecom Technology Corp (ACM)
In a report released today, Tahira Afzal from KeyBanc maintained a Buy rating on Aecom Technology Corp, with a price target of $48.00. The company’s shares closed last Monday at $39.50, close to its 52-week high of $40.25.
Afzal has an average return of 15.1% when recommending Aecom Technology Corp.
According to TipRanks.com, Afzal is ranked #1235 out of 5546 analysts.
Aecom Technology Corp has an analyst consensus of Strong Buy, with a price target consensus of $44.50, which is a 12.0% upside from current levels. In a report released yesterday, Merrill Lynch also upgraded the stock to Buy with a $45.00 price target.
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