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Analysts Conflicted on These Materials Names: Ashland (ASH), Ivanhoe Mines (OtherIVPAF) and CMOC Group (OtherCMCLF)

Tipranks - Mon Apr 6, 7:30AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Ashland (ASH), Ivanhoe Mines (IVPAF) and CMOC Group (CMCLF).

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Ashland (ASH)

In a report issued on April 3, John Roberts CFA from Mizuho Securities maintained a Buy rating on Ashland, with a price target of $65.00. The company’s shares closed last Thursday at $54.39.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 6.4% and a 57.2% success rate. CFA covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'>

Ashland has an analyst consensus of Strong Buy, with a price target consensus of $66.25, implying a 21.4% upside from current levels. In a report issued on March 20, Argus Research also assigned a Buy rating to the stock with a $56.00 price target.

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Ivanhoe Mines (IVPAF)

Jefferies analyst Fahad Tariq maintained a Hold rating on Ivanhoe Mines on April 3 and set a price target of C$13.00. The company’s shares closed last Thursday at $7.50.

According to TipRanks.com, Tariq is a 5-star analyst with an average return of 18.3% and a 66.9% success rate. Tariq covers the Basic Materials sector, focusing on stocks such as Pan American Silver, G Mining Ventures, and Hudbay Minerals. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ivanhoe Mines with a $11.03 average price target, which is a 47.1% upside from current levels. In a report issued on March 19, TipRanks – PerPlexity also downgraded the stock to Hold with a C$12.50 price target.

CMOC Group (CMCLF)

Jefferies analyst Shuhang Jiang maintained a Buy rating on CMOC Group on April 3 and set a price target of HK$25.00. The company’s shares closed last Thursday at $2.20.

Jiang has an average return of 116.4% when recommending CMOC Group. ;'>

According to TipRanks.com, Jiang is ranked #282 out of 12128 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CMOC Group with a $3.03 average price target, which is a 44.3% upside from current levels. In a report issued on March 31, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a HK$18.00 price target.

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