There’s a lot to be optimistic about in the Materials sector as 1 analysts just weighed in on and Allkem Limited (OROCF – Research Report) with bullish sentiments.
Allkem Limited (OROCF)
In a report released yesterday, Ord Minnett from Ord Minnett maintained a Buy rating on Allkem Limited, with a price target of A$19.50. The company’s shares closed last Monday at $9.41.
Allkem Limited has an analyst consensus of Moderate Buy, with a price target consensus of $10.89, which is a 13.2% upside from current levels. In a report released yesterday, Citigroup also maintained a Buy rating on the stock with a A$16.50 price target.
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