Analysts have been eager to weigh in on the Materials sector with new ratings on Linde (LIN) and LANXESS (LNXSF).
Linde (LIN)
UBS analyst Geoff Haire maintained a Buy rating on Linde on February 5 and set a price target of EUR255.00. The company’s shares closed last Monday at $256.21, close to its 52-week high of $274.58.
Haire has an average return of 19.7% when recommending Linde.
According to TipRanks.com, Haire is ranked #6317 out of 7283 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Linde with a $288.50 average price target, an 11.3% upside from current levels. In a report issued on January 26, DZ BANK AG also maintained a Buy rating on the stock.
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LANXESS (LNXSF)
Goldman Sachs analyst Georgina Iwamoto maintained a Sell rating on LANXESS yesterday and set a price target of EUR49.00. The company’s shares closed last Friday at $74.85, close to its 52-week high of $80.55.
According to TipRanks.com, Iwamoto is ranked #1347 out of 7283 analysts.
Currently, the analyst consensus on LANXESS is a Moderate Buy with an average price target of $79.94.
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