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Analysts Offer Insights on Materials Companies: Osisko Development (OtherRNGTF), DuPont de Nemours (DD) and Ingevity (NGVT)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Osisko Development (RNGTFResearch Report), DuPont de Nemours (DDResearch Report) and Ingevity (NGVTResearch Report) with bullish sentiments.

Osisko Development (RNGTF)

In a report issued on March 2, Wayne Lam from RBC Capital maintained a Buy rating on Osisko Development, with a price target of C$8.00. The company’s shares closed last Thursday at $3.74.

According to TipRanks.com, Lam is a 3-star analyst with an average return of 9.3% and a 62.2% success rate. Lam covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Argonaut Gold, and Marathon Gold.

Currently, the analyst consensus on Osisko Development is a Moderate Buy with an average price target of $6.32.

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DuPont de Nemours (DD)

In a report issued on March 1, Arun Viswanathan from RBC Capital maintained a Buy rating on DuPont de Nemours, with a price target of $100.00. The company’s shares closed last Thursday at $76.89.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 7.3% and a 58.0% success rate. Viswanathan 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 DuPont de Nemours is a Strong Buy with an average price target of $98.33, a 26.6% upside from current levels. In a report issued on February 22, KeyBanc also maintained a Buy rating on the stock with a $99.00 price target.

Ingevity (NGVT)

In a report released yesterday, Paretosh Misra from Berenberg Bank maintained a Buy rating on Ingevity, with a price target of $95.00. The company’s shares closed last Thursday at $66.54.

According to TipRanks.com, Misra is ranked #7036 out of 7782 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ingevity with a $91.00 average price target, which is a 34.9% upside from current levels. In a report issued on February 24, BMO Capital also maintained a Buy rating on the stock with a $95.00 price target.

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