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Analysts Offer Insights on Materials Companies: Albemarle (ALB), Celanese (CE) and JELD-WEN (JELD)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Albemarle (ALBResearch Report), Celanese (CEResearch Report) and JELD-WEN (JELDResearch Report).

Albemarle (ALB)

Mizuho Securities analyst Chris Parkinson maintained a Hold rating on Albemarle on August 1 and set a price target of $293.00. The company’s shares closed last Tuesday at $243.89.

According to TipRanks.com, Parkinson is a 5-star analyst with an average return of 8.3% and a 58.5% success rate. Parkinson covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Albemarle has an analyst consensus of Moderate Buy, with a price target consensus of $270.93, implying a 13.4% upside from current levels. In a report issued on July 20, KeyBanc also upgraded the stock to Hold.

See today’s best-performing stocks on TipRanks >>

Celanese (CE)

In a report issued on August 1, Ghansham Panjabi from Robert W. Baird reiterated a Buy rating on Celanese, with a price target of $180.00. The company’s shares closed last Tuesday at $111.45, close to its 52-week low of $104.74.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.8% and a 59.4% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.

Currently, the analyst consensus on Celanese is a Moderate Buy with an average price target of $149.69, a 32.6% upside from current levels. In a report issued on July 29, BMO Capital also maintained a Buy rating on the stock with a $173.00 price target.

JELD-WEN (JELD)

Robert W. Baird analyst Joshua Chan maintained a Hold rating on JELD-WEN on August 1 and set a price target of $15.00. The company’s shares closed last Tuesday at $15.88.

According to TipRanks.com, Chan is ranked #4336 out of 7992 analysts.

JELD-WEN has an analyst consensus of Hold, with a price target consensus of $16.55, a 12.3% upside from current levels. In a report released yesterday, Stifel Nicolaus also downgraded the stock to Hold with a $17.00 price target.

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