Materials Sector Sees Analyst Ratings from BMO Capital and UBS
Analysts have been weighing in on the Materials sector, issuing new ratings for TRONOX (TROX), Westlake Corporation (WLK), and Warrior Met Coal (HCC).
BMO Capital analyst John McNulty maintained a Hold rating on TRONOX with a price target of $11.00. The company's shares closed last Wednesday at $5.85.
According to TipRanks.com, McNulty is a 4-star analyst with an average return of 5.0% and a 54.3% success rate. He covers the Basic Materials sector, focusing on stocks such as Solstice Advanced Materials, Inc., Air Products and Chemicals, and Sherwin-Williams Company.
The current analyst consensus on TRONOX is a Hold with an average price target of $8.61, representing a 50.0% upside from current levels. Morgan Stanley also maintained a Hold rating on the stock with a $4.00 price target.
In contrast, Warrior Met Coal (HCC) received a Buy rating from George Eadie at UBS, along with a price target of $98.00. The company's shares closed last Wednesday at $84.30.
The analyst consensus on Warrior Met Coal is a Strong Buy with an average price target of $105.25, representing a 27.2% upside from current levels.