There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on International Paper Co (IP) and Valvoline (VVV) with bullish sentiments.
International Paper Co (IP)
In a report released today, Philip Ng from Jefferies maintained a Buy rating on International Paper Co, with a price target of $78.00. The company’s shares closed last Thursday at $58.10, close to its 52-week high of $58.95.
According to TipRanks.com, Ng is a 5-star analyst with an average return of 16.5% and a 73.6% success rate. Ng covers the Basic Materials sector, focusing on stocks such as Berry Global Group, Graphic Packaging, and Summit Materials.
The word on The Street in general, suggests a Hold analyst consensus rating for International Paper Co with a $57.70 average price target.
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Jefferies analyst Laurence Alexander maintained a Buy rating on Valvoline yesterday and set a price target of $44.00. The company’s shares closed last Thursday at $31.19, close to its 52-week high of $31.29.
According to TipRanks.com, Alexander is a 5-star analyst with an average return of 13.5% and a 68.1% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Eastman Chemical.
Valvoline has an analyst consensus of Strong Buy, with a price target consensus of $34.25, implying a 13.6% upside from current levels. In a report released yesterday, Monness also maintained a Buy rating on the stock with a $36.00 price target.
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