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Analysts Offer Insights on Materials Companies: Olin (OLN), Canopy Growth (CGC) and Avantor (AVTR)

Analysts have been eager to weigh in on the Materials sector with new ratings on Olin (OLNResearch Report), Canopy Growth (CGCResearch Report) and Avantor (AVTRResearch Report).

Olin (OLN)

Stifel Nicolaus analyst Vincent Anderson maintained a Buy rating on Olin yesterday and set a price target of $102.00. The company’s shares closed last Monday at $51.69.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 24.8% and a 59.6% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Stepan Company, Limoneira Co, and CF Holdings.

Olin has an analyst consensus of Strong Buy, with a price target consensus of $69.56, a 35.1% upside from current levels. In a report issued on July 20, KeyBanc also maintained a Buy rating on the stock with a $60.00 price target.

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

Canopy Growth (CGC)

Stifel Nicolaus analyst W. Andrew Carter maintained a Sell rating on Canopy Growth yesterday and set a price target of C$2.90. The company’s shares closed last Monday at $2.53, close to its 52-week low of $2.13.

According to TipRanks.com, Carter is a 1-star analyst with an average return of -3.5% and a 38.5% success rate. Carter covers the Basic Materials sector, focusing on stocks such as Scotts Miracle-Gro Company, Aurora Cannabis, and Tilray.

Currently, the analyst consensus on Canopy Growth is a Moderate Sell with an average price target of $4.19.

Avantor (AVTR)

Stifel Nicolaus analyst Daniel Arias maintained a Buy rating on Avantor yesterday and set a price target of $35.00. The company’s shares closed last Monday at $29.49, close to its 52-week low of $27.50.

According to TipRanks.com, Arias is a 3-star analyst with an average return of 4.0% and a 55.4% success rate. Arias covers the Healthcare sector, focusing on stocks such as NanoString Tech, Guardant Health, and Mettler-Toledo.

Currently, the analyst consensus on Avantor is a Strong Buy with an average price target of $35.50, which is a 23.3% upside from current levels. In a report issued on July 29, Jefferies also maintained a Buy rating on the stock with a $40.00 price target.

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