There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Celanese (CE) and Allegiant Gold (AUXXF) with bullish sentiments.
Celanese (CE)
In a report issued on March 25, Laurence Alexander from Jefferies maintained a Buy rating on Celanese, with a price target of $177.00. The company’s shares closed last Monday at $153.72, close to its 52-week high of $155.62.
According to TipRanks.com, Alexander is a 5-star analyst with an average return of 14.8% and a 68.9% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Celanese with a $163.00 average price target, a 6.3% upside from current levels. In a report issued on March 18, Wells Fargo also maintained a Buy rating on the stock with a $165.00 price target.
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Allegiant Gold (AUXXF)
In a report issued on March 26, Mark Reichman from Noble Financial maintained a Buy rating on Allegiant Gold, with a price target of $0.80. The company’s shares closed last Monday at $0.19.
According to TipRanks.com, Reichman is a 4-star analyst with an average return of 16.9% and a 42.9% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, Comstock Mining, and Chakana Copper.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allegiant Gold with a $0.80 average price target.
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