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Analysts Offer Insights on Materials Companies: Ashland (ASH) and Steel Dynamics (STLD)

Tipranks - Sat Jun 13, 6:04AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Ashland (ASH) and Steel Dynamics (STLD).

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Ashland (ASH)

In a report released yesterday, Steven Haynes from Morgan Stanley maintained a Hold rating on Ashland, with a price target of $58.00. The company’s shares closed last Thursday at $65.53.

According to TipRanks.com, Haynes is ranked #8487 out of 12296 analysts.

Currently, the analyst consensus on Ashland is a Strong Buy with an average price target of $63.22, representing a -4.1% downside. In a report issued on May 27, Wells Fargo also reiterated a Hold rating on the stock with a $50.00 price target.

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Steel Dynamics (STLD)

Wells Fargo analyst Timna Tanners maintained a Buy rating on Steel Dynamics yesterday and set a price target of $293.00. The company’s shares closed last Thursday at $279.55.

According to TipRanks.com, Tanners is a 4-star analyst with an average return of 6.0% and a 55.9% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Martin Marietta Materials, Knife River Corporation, and Vulcan Materials. ;'>

Steel Dynamics has an analyst consensus of Moderate Buy, with a price target consensus of $253.00, implying a -7.0% downside from current levels. In a report issued on May 31, TipRanks – OpenAI also upgraded the stock to Buy with a $290.00 price target.

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