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Analysts Offer Insights on Materials Companies: Bunge (BG) and PPG Industries (PPG)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Bunge (BGResearch Report) and PPG Industries (PPGResearch Report) with bullish sentiments.

Bunge (BG)

Robert W. Baird analyst Ben Kallo reiterated a Buy rating on Bunge on February 9 and set a price target of $110.00. The company’s shares closed last Friday at $101.69, close to its 52-week high of $103.59.

According to TipRanks.com, Kallo is a 5-star analyst with an average return of 9.9% and a 57.3% success rate. Kallo covers the Basic Materials sector, focusing on stocks such as Archer Daniels Midland, Darling Ingredients, and Avient.

Bunge has an analyst consensus of Moderate Buy, with a price target consensus of $110.17, representing a 8.0% upside. In a report issued on February 10, BMO Capital also maintained a Buy rating on the stock with a $123.00 price target.

See the top stocks recommended by analysts >>

PPG Industries (PPG)

In a report issued on February 11, Ghansham Panjabi from Robert W. Baird reiterated a Buy rating on PPG Industries, with a price target of $200.00. The company’s shares closed last Friday at $149.90.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 12.4% and a 63.7% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Berry Global Group.

Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $179.17, a 17.0% upside from current levels. In a report issued on January 28, Deutsche Bank also maintained a Buy rating on the stock with a $180.00 price target.

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