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Analysts Are Bullish on These Materials Stocks: Ashland (ASH), Axalta Coating Systems (AXTA)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Ashland (ASHResearch Report) and Axalta Coating Systems (AXTAResearch Report) with bullish sentiments.

Ashland (ASH)

In a report released today, John McNulty from BMO Capital maintained a Buy rating on Ashland, with a price target of $135.00. The company’s shares closed last Wednesday at $102.40.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 2.8% and a 51.4% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ashland with a $128.67 average price target, which is a 22.0% upside from current levels. In a report issued on July 18, Stifel Nicolaus also maintained a Buy rating on the stock with a $140.00 price target.

See the top stocks recommended by analysts >>

Axalta Coating Systems (AXTA)

In a report released today, Aleksey Yefremov from KeyBanc maintained a Buy rating on Axalta Coating Systems, with a price target of $31.00. The company’s shares closed last Wednesday at $24.59.

According to TipRanks.com, Yefremov is a 5-star analyst with an average return of 13.1% and a 59.3% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as DuPont de Nemours, Eastman Chemical, and Albemarle.

Currently, the analyst consensus on Axalta Coating Systems is a Moderate Buy with an average price target of $30.25, representing a 25.3% upside. In a report issued on July 13, UBS also maintained a Buy rating on the stock with a $30.00 price target.

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