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Analysts Offer Insights on Materials Companies: Wheaton Precious Metals (WPM), Sonoco Products (SON) and Linde (LIN)

Analysts have been eager to weigh in on the Materials sector with new ratings on Wheaton Precious Metals (WPMResearch Report), Sonoco Products (SONResearch Report) and Linde (LINResearch Report).

Wheaton Precious Metals (WPM)

BMO Capital analyst Jackie Przybylowski maintained a Buy rating on Wheaton Precious Metals today and set a price target of $54.00. The company’s shares closed last Wednesday at $35.30, close to its 52-week low of $34.50.

According to TipRanks.com, Przybylowski is a 4-star analyst with an average return of 7.5% and a 33.3% success rate. Przybylowski covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Osisko Gold Royalties, and Nexa Resources SA.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wheaton Precious Metals with a $55.81 average price target, which is a 59.4% upside from current levels. In a report issued on June 27, RBC Capital also maintained a Buy rating on the stock with a $52.00 price target.

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Sonoco Products (SON)

In a report released today, Mark Wilde from BMO Capital maintained a Hold rating on Sonoco Products, with a price target of $65.00. The company’s shares closed last Wednesday at $57.83.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 11.8% and a 58.4% success rate. Wilde covers the Basic Materials sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and West Fraser Timber Co.

Sonoco Products has an analyst consensus of Hold, with a price target consensus of $64.71, which is a 12.6% upside from current levels. In a report issued on June 22, Robert W. Baird also reiterated a Hold rating on the stock with a $65.00 price target.

Linde (LIN)

In a report released today, John McNulty from BMO Capital maintained a Buy rating on Linde, with a price target of $320.00. The company’s shares closed last Wednesday at $271.69, close to its 52-week low of $266.83.

According to TipRanks.com, McNulty is a 3-star analyst with an average return of 1.1% and a 46.5% 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 Strong Buy analyst consensus rating for Linde with a $358.14 average price target, a 32.3% upside from current levels. In a report issued on July 4, UBS also maintained a Buy rating on the stock with a EUR365.00 price target.

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