Analysts have been eager to weigh in on the Materials sector with new ratings on Livent (LTHM) and Linde (LIN).
Livent (LTHM)
Raymond James analyst Pavel Molchanov reiterated a Buy rating on Livent today and set a price target of $14.00. The company’s shares closed last Thursday at $11.85, close to its 52-week high of $12.53.
According to TipRanks.com, Molchanov is a 4-star analyst with an average return of 6.8% and a 56.2% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Petroleo Brasileiro SA- Petrobras, Maxeon Solar Technologies, and Nextera Energy Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for Livent with a $9.50 average price target.
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Linde (LIN)
In a report released today, Thorsten Strauss from Norddeutsche Landesbank maintained a Hold rating on Linde, with a price target of EUR194.00. The company’s shares closed last Thursday at $249.76, close to its 52-week high of $260.49.
According to TipRanks.com, Strauss is ranked #6331 out of 7028 analysts.
Linde has an analyst consensus of Strong Buy, with a price target consensus of $281.13, a 12.5% upside from current levels. In a report released yesterday, Bernstein also maintained a Hold rating on the stock with a EUR224.87 price target.
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