There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Waste Management (WM) and Diamondback (FANG) with bullish sentiments.
Waste Management (WM)
In a report released today, Jon Windham from UBS maintained a Buy rating on Waste Management, with a price target of $131.00. The company’s shares closed last Monday at $113.46.
According to TipRanks.com, Windham is a 4-star analyst with an average return of 5.6% and a 48.4% success rate. Windham covers the Basic Materials sector, focusing on stocks such as Republic Services, Waste Connections, and Casella Waste.
Waste Management has an analyst consensus of Strong Buy, with a price target consensus of $132.75, a 16.0% upside from current levels. In a report issued on February 28, Oppenheimer also upgraded the stock to Buy with a $145.00 price target.
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Diamondback (FANG)
Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Diamondback on March 9 and set a price target of $105.00. The company’s shares closed last Monday at $29.68, close to its 52-week low of $23.37.
According to TipRanks.com, Sorbara has 0 stars on 0-5 star ranking scale with an average return of -29.0% and a 21.6% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Extraction Oil & Gas, Matador Resources, and Concho Resources.
Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $104.14, which is a 247.1% upside from current levels. In a report issued on February 26, Citigroup also maintained a Buy rating on the stock with a $95.00 price target.
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