There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Sherwin-Williams Company (SHW) and Anglogold Ashanti (AU) with bullish sentiments.
Sherwin-Williams Company (SHW)
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Sherwin-Williams Company yesterday and set a price target of $780.00. The company’s shares closed last Thursday at $685.90, close to its 52-week high of $725.91.
According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 6.4% and a 59.3% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Berry Global Group, and Graphic Packaging.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sherwin-Williams Company with a $705.21 average price target, representing a 3.5% upside. In a report issued on September 9, BMO Capital also upgraded the stock to Buy with a $790.00 price target.
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Anglogold Ashanti (AU)
In a report released yesterday, Tyler Broda from RBC Capital maintained a Buy rating on Anglogold Ashanti, with a price target of $36.00. The company’s shares closed last Thursday at $26.01.
According to TipRanks.com, Broda is a 2-star analyst with an average return of 0.2% and a 47.8% success rate. Broda covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group, Sibanye Stillwater, and Anglo American.
Currently, the analyst consensus on Anglogold Ashanti is a Moderate Buy with an average price target of $40.96.
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