Analysts have been eager to weigh in on the Materials sector with new ratings on Hollyfrontier (HFC), Oneok (OKE) and MasTec (MTZ).
Hollyfrontier (HFC)
Hollyfrontier received a Hold rating from Goldman Sachs analyst Neil Mehta today. The company’s shares closed last Monday at $33.68, close to its 52-week low of $31.22.
According to TipRanks.com, Mehta is a 4-star analyst with an average return of 4.2% and a 54.7% success rate. Mehta covers the Basic Materials sector, focusing on stocks such as Conocophillips, Kosmos Energy, and Imperial Oil.
Currently, the analyst consensus on Hollyfrontier is a Moderate Buy with an average price target of $50.71, representing a 59.9% upside. In a report issued on February 21, J.P. Morgan also upgraded the stock to Hold with a $52.00 price target.
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Oneok (OKE)
In a report released today, Ethan Bellamy from Robert W. Baird upgraded Oneok to Buy, with a price target of $79.00. The company’s shares closed last Monday at $66.72.
According to TipRanks.com, Bellamy is ranked #5439 out of 5939 analysts.
Oneok has an analyst consensus of Moderate Buy, with a price target consensus of $78.45, implying a 20.2% upside from current levels. In a report issued on February 24, UBS also maintained a Buy rating on the stock with a $83.00 price target.
MasTec (MTZ)
In a report released today, Andrew Wittmann from Robert W. Baird upgraded MasTec to Buy, with a price target of $63.00. The company’s shares closed last Monday at $49.08, close to its 52-week low of $44.55.
According to TipRanks.com, Wittmann is a 5-star analyst with an average return of 9.8% and a 66.1% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Jacobs Engineering, Aecom Technology, and Quanta Services.
Currently, the analyst consensus on MasTec is a Strong Buy with an average price target of $76.50, representing a 54.6% upside. In a report issued on February 28, B.Riley FBR also reiterated a Buy rating on the stock with a $79.00 price target.
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