There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on PPG Industries (PPG – Research Report) and Albemarle (ALB – Research Report) with bullish sentiments.
PPG Industries (PPG)
Robert W. Baird analyst Ghansham Panjabi reiterated a Buy rating on PPG Industries yesterday and set a price target of $160.00. The company’s shares closed last Tuesday at $139.22, close to its 52-week high of $145.51.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 6.9% and a 58.2% success rate. Panjabi covers the Industrial Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.
PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $153.29, a 10.8% upside from current levels. In a report issued on May 24, Bank of America Securities also maintained a Buy rating on the stock with a $158.00 price target.
See the top stocks recommended by analysts >>
Albemarle (ALB)
In a report issued on June 5, Ben Kallo from Robert W. Baird reiterated a Buy rating on Albemarle, with a price target of $288.00. The company’s shares closed last Tuesday at $213.11.
According to TipRanks.com, Kallo is a 4-star analyst with an average return of 5.9% and a 50.8% success rate. Kallo covers the Technology sector, focusing on stocks such as Embark Technology, Inc., Rivian Automotive, and QuantumScape.
Currently, the analyst consensus on Albemarle is a Moderate Buy with an average price target of $261.88, which is a 28.4% upside from current levels. In a report issued on May 31, Piper Sandler also maintained a Buy rating on the stock with a $275.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on PPG: