Analysts have been eager to weigh in on the Materials sector with new ratings on Celanese (CE), Boise Cascade (BCC) and Element Solutions (ESI).
Celanese (CE)
In a report released today, Vincent Andrews from Morgan Stanley maintained a Hold rating on Celanese, with a price target of $113.00. The company’s shares closed last Tuesday at $119.36, close to its 52-week high of $128.88.
According to TipRanks.com, Andrews is a 3-star analyst with an average return of 3.6% and a 68.9% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Archer Daniels Midland, and Axalta Coating Systems.
Currently, the analyst consensus on Celanese is a Moderate Buy with an average price target of $125.67, which is a 5.2% upside from current levels. In a report issued on October 27, Vertical Research also downgraded the stock to Hold with a $121.00 price target.
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Boise Cascade (BCC)
In a report released today, Reuben Garner from Benchmark Co. maintained a Buy rating on Boise Cascade, with a price target of $47.00. The company’s shares closed last Tuesday at $41.65.
According to TipRanks.com, Garner is a 5-star analyst with an average return of 25.6% and a 70.6% success rate. Garner covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Masonite International, and Herman Miller.
Currently, the analyst consensus on Boise Cascade is a Moderate Buy with an average price target of $50.00.
Element Solutions (ESI)
In a report released today, Neel Kumar from Morgan Stanley maintained a Hold rating on Element Solutions, with a price target of $12.00. The company’s shares closed last Tuesday at $11.84, close to its 52-week high of $12.74.
According to TipRanks.com, Kumar is a 2-star analyst with an average return of 0.2% and a 50.0% success rate. Kumar covers the Basic Materials sector, focusing on stocks such as International Paper Co, Westlake Chemical, and LyondellBasell.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Element Solutions with a $15.25 average price target, representing a 27.3% upside. In a report issued on October 29, Barclays also maintained a Hold rating on the stock with a $14.00 price target.
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