Analysts Are Bullish on These Materials Stocks: Freeport-McMoRan (FCX), Martin Marietta Materials (MLM)
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Freeport-McMoRan (FCX) and Martin Marietta Materials (MLM) with bullish sentiments.
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Freeport-McMoRan (FCX)
In a report released today, Bill Peterson from J.P. Morgan maintained a Buy rating on Freeport-McMoRan, with a price target of $77.00. The company’s shares closed last Thursday at $59.75.
According to TipRanks.com, Peterson is a 4-star analyst with an average return of
Freeport-McMoRan has an analyst consensus of Strong Buy, with a price target consensus of $71.97, representing a 20.6% upside. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $80.00 price target.
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Martin Marietta Materials (MLM)
Truist Financial analyst Keith Hughes maintained a Buy rating on Martin Marietta Materials today. The company’s shares closed last Thursday at $569.98.
According to TipRanks.com, Hughes is a 5-star analyst with an average return of
Martin Marietta Materials has an analyst consensus of Moderate Buy, with a price target consensus of $672.83, implying a 18.3% upside from current levels. In a report issued on June 26, TipRanks – Google also upgraded the stock to Buy with a $706.00 price target.
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- Unusually active option classes on open July 9th
- Freeport-McMoRan price target raised to $77 from $73 at JPMorgan
- Freeport-McMoRan price target raised to $80 from $74 at BofA
- Freeport-McMoRan price target lowered to $74 from $75 at Goldman Sachs
- Freeport-McMoRan price target raised to $70 from $66 at Morgan Stanley
