Analysts Are Bullish on Top Materials Stocks: Linde (LIN), Livent (LTHM)
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Linde (LIN) and Livent (LTHM) with bullish sentiments.
In a report released today, Peter Spengler from DZ BANK AG maintained a Buy rating on Linde. The company’s shares closed last Thursday at $249.93.
Spengler has an average return of 13.9% when recommending Linde.
According to TipRanks.com, Spengler is ranked #1539 out of 7329 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Linde with a $293.64 average price target, implying a 18.5% upside from current levels. In a report issued on February 4, Kepler Capital also maintained a Buy rating on the stock with a EUR255.00 price target.
See today’s analyst top recommended stocks >>
Raymond James analyst Pavel Molchanov initiated coverage with a Buy rating on Livent today and set a price target of $24.00. The company’s shares closed last Thursday at $20.36.
According to TipRanks.com, Molchanov is a 5-star analyst with an average return of 14.3% and a 59.2% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Maxeon Solar Technologies, Nextera Energy Partners, and Exxon Mobil.
Currently, the analyst consensus on Livent is a Hold with an average price target of $18.92.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.