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Wall Street Analysts Are Neutral on Top Materials Picks

Analysts fell to the sidelines weighing in on Vale SA (VALEResearch Report) and Grieg Seafood ASA (GRGSFResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Vale SA (VALE)

RBC Capital analyst Tyler Broda maintained a Hold rating on Vale SA on July 8 and set a price target of $16.00. The company’s shares closed last Tuesday at $13.38.

According to TipRanks.com, Broda is a 3-star analyst with an average return of 2.9% and a 44.3% success rate. Broda covers the Basic Materials sector, focusing on stocks such as Sibanye Stillwater, Anglo American, and BHP Group Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vale SA with a $19.17 average price target, implying a 45.0% upside from current levels. In a report issued on June 29, Deutsche Bank also maintained a Hold rating on the stock with a $20.00 price target.

See the top stocks recommended by analysts >>

Grieg Seafood ASA (GRGSF)

In a report issued on July 11, Christian Nordby from Kepler Capital maintained a Hold rating on Grieg Seafood ASA, with a price target of NOK145.00. The company’s shares closed last Thursday at $14.15.

Nordby has an average return of 40.7% when recommending Grieg Seafood ASA.

According to TipRanks.com, Nordby is ranked #3100 out of 7912 analysts.

Grieg Seafood ASA has an analyst consensus of Hold, with a price target consensus of $14.40.

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