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Analysts Offer Insights on Materials Companies: Ball (BALL), Franco-Nevada (FNV) and Fortescue Metals Group Ltd (OtherFSUMF)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Ball (BALLResearch Report), Franco-Nevada (FNVResearch Report) and Fortescue Metals Group Ltd (FSUMFResearch Report).

Ball (BALL)

RBC Capital analyst Arun Viswanathan maintained a Hold rating on Ball on August 29 and set a price target of $60.00. The company’s shares closed last Wednesday at $55.81, close to its 52-week low of $54.77.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 5.3% and a 57.0% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Ardagh Metal Packaging.

The word on The Street in general, suggests a Hold analyst consensus rating for Ball with a $65.87 average price target, which is a 15.5% upside from current levels. In a report issued on August 30, J.P. Morgan also downgraded the stock to Hold with a $58.00 price target.

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

Franco-Nevada (FNV)

In a report issued on August 29, Josh Wolfson from RBC Capital maintained a Hold rating on Franco-Nevada, with a price target of $160.00. The company’s shares closed last Wednesday at $120.20.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -3.5% and a 39.6% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Franco-Nevada with a $152.76 average price target.

Fortescue Metals Group Ltd (FSUMF)

RBC Capital analyst Kaan Peker maintained a Sell rating on Fortescue Metals Group Ltd on August 29 and set a price target of A$17.00. The company’s shares closed last Wednesday at $12.75.

According to TipRanks.com, Peker is a 4-star analyst with an average return of 13.2% and a 64.0% success rate. Peker covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, OZ Minerals Limited, and IGO.

Fortescue Metals Group Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $11.69, a -10.1% downside from current levels. In a report issued on August 30, CLSA also downgraded the stock to Sell with a A$16.00 price target.

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