There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Cemex SAB (CX) and Halliburton (HAL) with bullish sentiments.
Cemex SAB (CX)
In a report issued on July 10, Benjamin Theurer from Barclays maintained a Buy rating on Cemex SAB, with a price target of $6. The company’s shares closed yesterday at $4.05, close to its 52-week low of $3.94.
According to TipRanks.com, Theurer is a 4-star analyst with an average return of 7.3% and a 58.8% success rate. Theurer covers the Consumer Goods sector, focusing on stocks such as Fomento Economico Mexicano, Pilgrim’s Pride, and Sanderson Farms.
Currently, the analyst consensus on Cemex SAB is a Moderate Buy with an average price target of $5.75.
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Halliburton (HAL)
Barclays analyst David Anderson maintained a Buy rating on Halliburton on July 9 and set a price target of $33. The company’s shares closed yesterday at $23.85, close to its 52-week low of $20.98.
According to TipRanks.com, Anderson has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.0% and a 39.9% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Oceaneering International, and Mammoth Energy Services.
Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $37.63, a 57.8% upside from current levels. In a report issued on July 1, Piper Jaffray also maintained a Buy rating on the stock with a $26 price target.
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