There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Crown Holdings (CCK – Research Report) and Eastman Chemical (EMN – Research Report) with bullish sentiments.
Crown Holdings (CCK)
Jefferies analyst Philip Ng maintained a Buy rating on Crown Holdings today and set a price target of $137.00. The company’s shares closed last Tuesday at $105.59.
According to TipRanks.com, Ng is a 5-star analyst with an average return of 15.5% and a 73.9% success rate. Ng covers the Basic Materials sector, focusing on stocks such as Martin Marietta Materials, International Paper Co, and Berry Global Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crown Holdings with a $133.33 average price target, a 26.3% upside from current levels. In a report issued on September 9, Wells Fargo also reiterated a Buy rating on the stock with a $132.00 price target.
Eastman Chemical (EMN)
In a report released yesterday, Laurence Alexander from Jefferies maintained a Buy rating on Eastman Chemical, with a price target of $150.00. The company’s shares closed last Tuesday at $104.50.
According to TipRanks.com, Alexander is a 5-star analyst with an average return of 12.2% and a 65.9% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Danimer Scientific, and LyondellBasell.
Currently, the analyst consensus on Eastman Chemical is a Strong Buy with an average price target of $139.36.
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