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Analysts Offer Insights on Materials Companies: Ashland (ASH), Olin (OLN) and Pilbara Minerals (OtherPILBF)

Tipranks - Wed Feb 4, 7:14AM CST

Analysts have been eager to weigh in on the Materials sector with new ratings on Ashland (ASHResearch Report), Olin (OLNResearch Report) and Pilbara Minerals (PILBFResearch Report).

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Ashland (ASH)

In a report released yesterday, John McNulty from BMO Capital maintained a Buy rating on Ashland, with a price target of $71.00. The company’s shares closed last Monday at $61.56, close to its 52-week low of $54.86.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 2.8% and a 53.2% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ashland with a $64.86 average price target, representing a 6.5% upside. In a report issued on January 30, UBS also maintained a Buy rating on the stock with a $70.00 price target.

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Olin (OLN)

BMO Capital analyst Bhavesh Lodaya maintained a Hold rating on Olin yesterday and set a price target of $24.00. The company’s shares closed last Monday at $22.17.

According to TipRanks.com, Lodaya is ranked #3428 out of 12040 analysts.

Olin has an analyst consensus of Hold, with a price target consensus of $22.82, which is a 9.9% upside from current levels. In a report issued on January 30, TipRanks – PerPlexity also upgraded the stock to Hold with a $22.00 price target.

Pilbara Minerals (PILBF)

In a report released yesterday, Lyndon Fagan from J.P. Morgan maintained a Buy rating on Pilbara Minerals, with a price target of A$5.60. The company’s shares closed last Monday at $3.20.

According to TipRanks.com, Fagan is ranked #1309 out of 12040 analysts.

Currently, the analyst consensus on Pilbara Minerals is a Moderate Buy with an average price target of $3.18, which is a 9.3% upside from current levels. In a report issued on January 18, Morgan Stanley also maintained a Buy rating on the stock with a A$5.25 price target.

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