Analysts have been eager to weigh in on the Materials sector with new ratings on Freeport-McMoRan (FCX – Research Report) and PPG Industries (PPG – Research Report).
Freeport-McMoRan (FCX)
In a report issued on January 12, Sam Crittenden from RBC Capital maintained a Hold rating on Freeport-McMoRan, with a price target of $40.00. The company’s shares closed last Thursday at $44.33, close to its 52-week high of $46.10.
According to TipRanks.com, Crittenden is a 5-star analyst with an average return of
Freeport-McMoRan has an analyst consensus of Moderate Buy, with a price target consensus of $43.18.
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PPG Industries (PPG)
RBC Capital analyst Arun Viswanathan maintained a Buy rating on PPG Industries on January 12 and set a price target of $174.00. The company’s shares closed last Thursday at $168.82.
According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of
PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $184.33, representing an 8.8% upside. In a report issued on January 6, Wells Fargo also maintained a Buy rating on the stock with a $200.00 price target.
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