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Analysts Offer Insights on Materials Companies: Albany International (AIN), Avery Dennison (AVY) and Bunge (BG)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Albany International (AINResearch Report), Avery Dennison (AVYResearch Report) and Bunge (BGResearch Report).

Albany International (AIN)

Robert W. Baird analyst Peter Arment maintained a Hold rating on Albany International on July 26 and set a price target of $95.00. The company’s shares closed last Thursday at $89.25, close to its 52-week high of $91.53.

According to TipRanks.com, Arment is a 5-star analyst with an average return of 7.5% and a 57.9% success rate. Arment covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Spirit AeroSystems.

Currently, the analyst consensus on Albany International is a Hold with an average price target of $83.67, which is a -5.4% 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.

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Avery Dennison (AVY)

Robert W. Baird analyst Ghansham Panjabi reiterated a Buy rating on Avery Dennison yesterday and set a price target of $250.00. The company’s shares closed last Thursday at $189.14.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.5% and a 58.2% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avery Dennison with a $219.43 average price target, representing a 18.2% upside. In a report issued on July 25, Raymond James also maintained a Buy rating on the stock with a $195.00 price target.

Bunge (BG)

In a report issued on July 27, Ben Kallo from Robert W. Baird reiterated a Buy rating on Bunge, with a price target of $119.00. The company’s shares closed last Thursday at $89.32.

According to TipRanks.com, Kallo is a 5-star analyst with an average return of 8.9% and a 53.7% success rate. Kallo covers the Basic Materials sector, focusing on stocks such as 5E Advanced Materials, Inc., Archer Daniels Midland, and Darling Ingredients.

Currently, the analyst consensus on Bunge is a Strong Buy with an average price target of $125.57, representing a 39.3% upside. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $125.00 price target.

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