Analysts Are Bullish on Top Materials Stocks: Berry Global Group (BERY), Kirkland Lake Gold (KL)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Berry Global Group (BERYResearch Report), Kirkland Lake Gold (KLResearch Report) and Avantor (AVTRResearch Report) with bullish sentiments.

Berry Global Group (BERY)

RBC Capital analyst Arun Viswanathan maintained a Buy rating on Berry Global Group yesterday and set a price target of $74.00. The company’s shares closed last Tuesday at $62.36, close to its 52-week high of $63.52.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 11.6% and a 66.2% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Graphic Packaging.

Currently, the analyst consensus on Berry Global Group is a Moderate Buy with an average price target of $72.33, which is a 15.4% upside from current levels. In a report issued on April 5, Merrill Lynch also maintained a Buy rating on the stock with a $73.00 price target.

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Kirkland Lake Gold (KL)

RBC Capital analyst Josh Wolfson maintained a Buy rating on Kirkland Lake Gold yesterday and set a price target of $43.00. The company’s shares closed last Tuesday at $36.62.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -1.5% and a 49.7% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Sandstorm Gold.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kirkland Lake Gold with a $49.69 average price target, implying a 36.5% upside from current levels. In a report issued on March 31, Canaccord Genuity also maintained a Buy rating on the stock with a C$70.00 price target.

Avantor (AVTR)

In a report issued on April 12, Anton Hie from RBC Capital maintained a Buy rating on Avantor, with a price target of $37.00. The company’s shares closed last Tuesday at $32.97, close to its 52-week high of $33.28.

Hie has an average return of 54.3% when recommending Avantor.

According to TipRanks.com, Hie is ranked #1014 out of 7448 analysts.

Currently, the analyst consensus on Avantor is a Strong Buy with an average price target of $34.57, a 4.2% upside from current levels. In a report issued on March 31, Citigroup also maintained a Buy rating on the stock with a $35.00 price target.

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