Avient price target raised to $46 from $41 at Wells Fargo

Wells Fargo analyst Michael Sison raised the firm’s price target on Avient to $46 from $41 and keeps an Overweight rating on the shares. The firm believes Avient has good growth potential from its specialty materials portfolio longer term. Avient has good leverage to a recovery in China, deflation, stability in Europe and growth from composites and sustainable solutions, Wells says.