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TipRanksStock Market NewsWFG NewsAnalysts’ Opinions Are Mixed on These Materials Stocks: The Andersons (ANDE), TRONOX (TROX) and West Fraser Timber Co (WFG)
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Analysts’ Opinions Are Mixed on These Materials Stocks: The Andersons (ANDE), TRONOX (TROX) and West Fraser Timber Co (WFG)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on The Andersons (ANDEResearch Report), TRONOX (TROXResearch Report) and West Fraser Timber Co (WFGResearch Report).

The Andersons (ANDE)

In a report released today, Kenneth Zaslow from BMO Capital maintained a Hold rating on The Andersons, with a price target of $40.00. The company’s shares closed last Thursday at $38.34.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 11.8% and a 71.6% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Sanderson Farms, and Pilgrim’s Pride.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Andersons with a $42.50 average price target.

See the top stocks recommended by analysts >>

TRONOX (TROX)

BMO Capital analyst John McNulty maintained a Buy rating on TRONOX today and set a price target of $36.00. The company’s shares closed last Thursday at $22.35.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 5.4% and a 55.5% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on TRONOX is a Strong Buy with an average price target of $31.25, implying a 35.6% upside from current levels. In a report released yesterday, Alembic Global also maintained a Buy rating on the stock with a $31.00 price target.

West Fraser Timber Co (WFG)

BMO Capital analyst Mark Wilde maintained a Buy rating on West Fraser Timber Co today and set a price target of $112.00. The company’s shares closed last Thursday at $97.61, close to its 52-week high of $101.83.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 16.7% and a 64.9% success rate. Wilde covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for West Fraser Timber Co with a $117.60 average price target, a 19.5% upside from current levels. In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a C$147.00 price target.

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