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Analysts Offer Insights on Materials Companies: Avery Dennison (AVY) and Luxfer (LXFR)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Avery Dennison (AVYResearch Report) and Luxfer (LXFRResearch Report) with bullish sentiments.

Avery Dennison (AVY)

Raymond James analyst Sam Darkatsh maintained a Buy rating on Avery Dennison today and set a price target of $190.00. The company’s shares closed last Wednesday at $163.24, close to its 52-week low of $151.62.

According to TipRanks.com, Darkatsh is ranked #1335 out of 8014 analysts.

Avery Dennison has an analyst consensus of Moderate Buy, with a price target consensus of $204.33, implying a 16.6% upside from current levels. In a report released today, Robert W. Baird also maintained a Buy rating on the stock with a $210.00 price target.

See the top stocks recommended by analysts >>

Luxfer (LXFR)

In a report released today, Chip Moore from EF Hutton maintained a Buy rating on Luxfer, with a price target of $25.00. The company’s shares closed last Wednesday at $15.25, close to its 52-week low of $14.09.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 31.6% and a 59.6% success rate. Moore covers the Industrial Goods sector, focusing on stocks such as Core Molding Technologies, American Superconductor, and Hudson Tech.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Luxfer with a $25.00 average price target.

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