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Analysts Are Bullish on Top Materials Stocks: Alcoa (AA), Alliance Resource (ARLP)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Alcoa (AAResearch Report) and Alliance Resource (ARLPResearch Report) with bullish sentiments.

Alcoa (AA)

J.P. Morgan analyst Michael Glick maintained a Buy rating on Alcoa yesterday and set a price target of $106.00. The company’s shares closed last Tuesday at $90.07, close to its 52-week high of $98.09.

Glick has an average return of 83.2% when recommending Alcoa.

According to TipRanks.com, Glick is ranked #3409 out of 7928 analysts.

Currently, the analyst consensus on Alcoa is a Moderate Buy with an average price target of $87.54, a 1.2% upside from current levels. In a report issued on March 17, Citigroup also maintained a Buy rating on the stock with a $84.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Alliance Resource (ARLP)

Alliance Resource received a Buy rating and a $22.00 price target from Noble Financial analyst Mark Reichman today. The company’s shares closed last Tuesday at $15.35, close to its 52-week high of $16.16.

According to TipRanks.com, Reichman is a 1-star analyst with an average return of 0.0% and a 35.7% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, Comstock Mining, and Chakana Copper.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alliance Resource with a $22.00 average price target.

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Read More on AA:

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