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Wall Street Analysts Are Bullish on Top Materials Picks

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There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on FMC (FMCResearch Report) and Interfor (IFSPFResearch Report) with bullish sentiments.

FMC (FMC)

In a report issued on May 3, Arun Viswanathan from RBC Capital maintained a Buy rating on FMC, with a price target of $152.00. The company’s shares closed last Wednesday at $122.53.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 7.3% and a 58.9% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Ardagh Metal Packaging, and Axalta Coating Systems.

FMC has an analyst consensus of Moderate Buy, with a price target consensus of $140.00, a 12.7% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $144.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Interfor (IFSPF)

In a report issued on May 2, Paul Quinn from RBC Capital maintained a Buy rating on Interfor, with a price target of C$45.00. The company’s shares closed last Wednesday at $30.63.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 24.5% and a 65.2% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, GreenFirst Forest Products, and International Paper Co.

Currently, the analyst consensus on Interfor is a Strong Buy with an average price target of $36.66, which is a 22.9% upside from current levels. In a report issued on April 21, CIBC also maintained a Buy rating on the stock with a C$42.00 price target.

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