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Analysts Offer Insights on Materials Companies: Celanese (CE), Glatfelter (GLT) and Green Plains (GPRE)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Celanese (CEResearch Report), Glatfelter (GLTResearch Report) and Green Plains (GPREResearch Report) with bullish sentiments.

Celanese (CE)

In a report released today, John McNulty from BMO Capital maintained a Buy rating on Celanese, with a price target of $150.00. The company’s shares closed last Tuesday at $111.45, close to its 52-week low of $104.74.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 3.1% and a 52.9% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celanese with a $146.88 average price target, which is a 31.8% upside from current levels. In a report issued on July 28, Robert W. Baird also maintained a Buy rating on the stock with a $225.00 price target.

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Glatfelter (GLT)

In a report released today, Mark Wilde from BMO Capital maintained a Buy rating on Glatfelter, with a price target of $9.00. The company’s shares closed last Tuesday at $5.91, close to its 52-week low of $5.87.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 12.8% and a 61.9% success rate. Wilde covers the Basic Materials sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and West Fraser Timber Co.

Currently, the analyst consensus on Glatfelter is a Moderate Buy with an average price target of $12.00.

Green Plains (GPRE)

In a report released today, Kenneth Zaslow from BMO Capital maintained a Buy rating on Green Plains, with a price target of $45.00. The company’s shares closed last Tuesday at $37.48.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 11.5% and a 71.4% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, The Hershey Company, and BellRing Brands.

Green Plains has an analyst consensus of Moderate Buy, with a price target consensus of $45.00.

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