Analysts Conflicted on These Materials Names: Syrah Resources (OtherSYAAF) and Fletcher Building Limited (OtherFRCEF)

Analysts have been eager to weigh in on the Materials sector with new ratings on Syrah Resources (SYAAFResearch Report) and Fletcher Building Limited (FRCEFResearch Report).

Syrah Resources (SYAAF)

According to TipRanks.com, Anand is a 4-star analyst with an average return of 10.8% and a 48.7% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Sandfire Resources Limited, and Fortescue Metals Group Ltd.

Currently, the analyst consensus on Syrah Resources is a Hold with an average price target of $1.05.

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Fletcher Building Limited (FRCEF)

Jarden analyst Grant Swanepoel maintained a Buy rating on Fletcher Building Limited yesterday. The company’s shares closed last Friday at $2.96, equals to its 52-week low of $2.96.

According to TipRanks.com, Swanepoel is ranked #5956 out of 7897 analysts.

Currently, the analyst consensus on Fletcher Building Limited is a Moderate Buy with an average price target of $4.48, implying a 45.5% upside from current levels. In a report issued on June 14, Citigroup also maintained a Buy rating on the stock.

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