Analysts Offer Insights on Materials Companies: Freeport-McMoRan (FCX) and PPG Industries (PPG)

Analysts have been eager to weigh in on the Materials sector with new ratings on Freeport-McMoRan (FCXResearch Report) and PPG Industries (PPGResearch 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 28.9% and a 66.5% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, First Quantum Minerals, and Nexa Resources SA.

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 11.7% and a 70.0% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Berry Global Group.

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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