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Analysts Offer Insights on Materials Companies: Albany International (AIN), Alcoa (AA) and Ashland (ASH)

Analysts have been eager to weigh in on the Materials sector with new ratings on Albany International (AINResearch Report), Alcoa (AAResearch Report) and Ashland (ASHResearch Report).

Albany International (AIN)

J.P. Morgan analyst Stephen Tusa maintained a Hold rating on Albany International on August 1 and set a price target of $80.00. The company’s shares closed last Wednesday at $91.40, close to its 52-week high of $92.88.

According to TipRanks.com, Tusa is a 5-star analyst with an average return of 10.6% and a 64.6% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and John Bean Technologies.

Currently, the analyst consensus on Albany International is a Hold with an average price target of $83.67, a -7.9% downside from current levels. In a report issued on July 26, Cowen & Co. also maintained a Hold rating on the stock with a $86.00 price target.

See the top stocks recommended by analysts >>

Alcoa (AA)

In a report issued on August 2, Michael Glick from J.P. Morgan maintained a Buy rating on Alcoa, with a price target of $56.00. The company’s shares closed last Wednesday at $48.49.

Glick has an average return of 10.9% when recommending Alcoa.

According to TipRanks.com, Glick is ranked #7140 out of 7991 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alcoa with a $58.89 average price target, which is a 21.0% upside from current levels. In a report issued on July 20, Jefferies also maintained a Buy rating on the stock with a $60.00 price target.

Ashland (ASH)

J.P. Morgan analyst Jeffrey Zekauskas maintained a Hold rating on Ashland on August 1 and set a price target of $104.00. The company’s shares closed last Wednesday at $100.83.

According to TipRanks.com, Zekauskas is a 5-star analyst with an average return of 7.1% and a 61.0% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Air Products and Chemicals, and Scotts Miracle-Gro Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ashland with a $129.67 average price target, which is a 29.9% upside from current levels. In a report issued on July 18, Wells Fargo also maintained a Hold rating on the stock with a $107.00 price target.

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