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Analysts Offer Insights on Materials Companies: Arch Resources (ARCH), Cameco (CCJ) and Celanese (CE)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Arch Resources (ARCHResearch Report), Cameco (CCJResearch Report) and Celanese (CEResearch Report) with bullish sentiments.

Arch Resources (ARCH)

BMO Capital analyst David Gagliano assigned a Buy rating to Arch Resources today and set a price target of $200.00. The company’s shares closed last Friday at $127.72.

According to TipRanks.com, Gagliano is a 4-star analyst with an average return of 5.5% and a 46.6% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, United States Steel, and Peabody Energy Comm.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arch Resources with a $196.50 average price target, representing a 52.8% upside. In a report released today, B.Riley Financial also maintained a Buy rating on the stock with a $221.00 price target.

See the top stocks recommended by analysts >>

Cameco (CCJ)

In a report released today, Alexander Pearce from BMO Capital maintained a Buy rating on Cameco, with a price target of C$42.00. The company’s shares closed last Friday at $25.37.

According to TipRanks.com, Pearce is a 4-star analyst with an average return of 13.0% and a 57.0% success rate. Pearce covers the Basic Materials sector, focusing on stocks such as Fission Uranium, BHP Group Ltd, and South32.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cameco with a $34.20 average price target, which is a 33.9% upside from current levels. In a report issued on July 19, Raymond James also maintained a Buy rating on the stock with a C$46.00 price target.

Celanese (CE)

BMO Capital analyst John McNulty maintained a Buy rating on Celanese today and set a price target of $173.00. The company’s shares closed last Friday at $119.87.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 3.1% and a 52.8% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on Celanese is a Moderate Buy with an average price target of $151.64, representing a 26.6% upside. In a report issued on July 14, Robert W. Baird also maintained a Buy rating on the stock with a $225.00 price target.

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