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Wall Street Analysts Are Bullish on Top Materials Picks

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Albemarle (ALBResearch Report), Cameco (CCJResearch Report) and West Fraser Timber Co (WFGResearch Report) with bullish sentiments.

Albemarle (ALB)

In a report issued on July 27, Arun Viswanathan from RBC Capital maintained a Buy rating on Albemarle, with a price target of $331.00. The company’s shares closed last Friday at $244.31.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 4.4% and a 55.5% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Ardagh Metal Packaging, and Axalta Coating Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Albemarle with a $271.93 average price target, which is a 14.0% upside from current levels. In a report issued on July 14, Deutsche Bank also maintained a Buy rating on the stock.

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

Cameco (CCJ)

RBC Capital analyst Andrew Wong CFA maintained a Buy rating on Cameco on July 28 and set a price target of C$45.00. The company’s shares closed last Friday at $25.77.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 16.4% and a 54.0% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Largo Resources, CF Holdings, and Mosaic Co.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cameco with a $34.20 average price target, representing a 33.6% upside. In a report issued on July 19, Raymond James also maintained a Buy rating on the stock with a C$46.00 price target.

West Fraser Timber Co (WFG)

In a report issued on July 28, Paul Quinn from RBC Capital maintained a Buy rating on West Fraser Timber Co, with a price target of $120.00. The company’s shares closed last Friday at $93.64.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 21.5% and a 61.4% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, GreenFirst Forest Products, and International Paper Co.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for West Fraser Timber Co with a $109.10 average price target, representing a 16.0% upside. In a report issued on July 19, BMO Capital also maintained a Buy rating on the stock with a $112.00 price target.

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