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Analysts’ Top Materials Picks: Freeport-McMoRan (FCX), Alto Ingredients (ALTO)

Tipranks - Tipranks - Fri Apr 24, 2:02PM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Freeport-McMoRan (FCX) and Alto Ingredients (ALTO) with bullish sentiments.

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Freeport-McMoRan (FCX)

Jefferies analyst Chris LaFemina maintained a Buy rating on Freeport-McMoRan today and set a price target of $75.00. The company’s shares closed last Thursday at $62.41.

According to TipRanks.com, LaFemina is a 5-star analyst with an average return of 15.3% and a 56.2% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Rio Tinto Limited, and Steel Dynamics. ;'>

Currently, the analyst consensus on Freeport-McMoRan is a Strong Buy with an average price target of $72.27, representing a 16.1% upside. In a report released today, TipRanks – xAI also reiterated a Buy rating on the stock with a $78.00 price target.

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Alto Ingredients (ALTO)

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Alto Ingredients. The company’s shares closed last Thursday at $5.26.

According to TipRanks.com, Stine is a 5-star analyst with an average return of 16.9% and a 44.5% success rate. Stine covers the Industrial Goods sector, focusing on stocks such as Amprius Technologies Inc, American Superconductor, and PureCycle Technologies. ;'>

Currently, the analyst consensus on Alto Ingredients is a Moderate Buy with an average price target of $7.00.

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