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Analysts Offer Insights on Materials Companies: Ashland (ASH) and Anglo American (OtherAAUKF)

Analysts have been eager to weigh in on the Materials sector with new ratings on Ashland (ASHResearch Report) and Anglo American (AAUKFResearch Report).

Ashland (ASH)

Deutsche Bank analyst David Begleiter reiterated a Buy rating on Ashland yesterday and set a price target of $120.00. The company’s shares closed last Thursday at $100.91.

According to TipRanks.com, Begleiter is a 5-star analyst with an average return of 8.6% and a 57.8% success rate. Begleiter covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Air Products and Chemicals, and Sherwin-Williams Company.

Currently, the analyst consensus on Ashland is a Strong Buy with an average price target of $129.67, implying a 25.7% upside from current levels. In a report issued on July 18, Stifel Nicolaus also maintained a Buy rating on the stock with a $140.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Anglo American (AAUKF)

Anglo American received a Hold rating and a p3500.00 price target from Deutsche Bank analyst Liam Fitzpatrick yesterday. The company’s shares closed last Wednesday at $33.80, close to its 52-week low of $29.65.

Fitzpatrick has an average return of 13.0% when recommending Anglo American.

According to TipRanks.com, Fitzpatrick is ranked #1284 out of 7966 analysts.

Anglo American has an analyst consensus of Moderate Buy, with a price target consensus of $45.76, a 35.4% upside from current levels. In a report issued on July 22, J.P. Morgan also maintained a Hold rating on the stock with a p3650.00 price target.

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