Analysts have been eager to weigh in on the Materials sector with new ratings on Olin (OLN), Axalta Coating Systems (AXTA) and Avantor (AVTR).
Olin (OLN)
In a report released today, Aleksey Yefremov from KeyBanc maintained a Buy rating on Olin, with a price target of $53.00. The company’s shares closed last Wednesday at $42.14, close to its 52-week high of $43.85.
According to TipRanks.com, Yefremov is a 5-star analyst with an average return of 17.4% and a 70.0% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Westlake Chemical, Pq Group Holdings, and Eastman Chemical.
Currently, the analyst consensus on Olin is a Strong Buy with an average price target of $49.78, a 15.8% upside from current levels. In a report issued on April 15, Citigroup also upgraded the stock to Buy.
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Axalta Coating Systems (AXTA)
In a report released today, Vincent Andrews from Morgan Stanley maintained a Hold rating on Axalta Coating Systems, with a price target of $35.00. The company’s shares closed last Wednesday at $32.63, close to its 52-week high of $32.93.
According to TipRanks.com, Andrews is a 4-star analyst with an average return of 7.4% and a 74.7% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as ICL-Israel Chemicals, Eastman Chemical, and Chemours Company.
Axalta Coating Systems has an analyst consensus of Moderate Buy, with a price target consensus of $37.20.
Avantor (AVTR)
Morgan Stanley analyst Tejas Savant maintained a Buy rating on Avantor today and set a price target of $38.00. The company’s shares closed last Wednesday at $33.07, close to its 52-week high of $33.63.
According to TipRanks.com, Savant is a 4-star analyst with an average return of 18.1% and a 69.2% success rate. Savant covers the Healthcare sector, focusing on stocks such as Ortho Clinical Diagnostics Holdings, Pacific Biosciences, and NanoString Tech.
Avantor has an analyst consensus of Strong Buy, with a price target consensus of $36.80, which is an 11.7% upside from current levels. In a report issued on April 15, Barclays also maintained a Buy rating on the stock with a $39.00 price target.
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