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Analysts Are Bullish on Top Materials Stocks: Perimeter Solutions (PRM), Franco-Nevada (FNV)

Tipranks - Fri Apr 17, 3:51AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Perimeter Solutions (PRM) and Franco-Nevada (FNV) with bullish sentiments.

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Perimeter Solutions (PRM)

Morgan Stanley analyst Joe Laetsch maintained a Buy rating on Perimeter Solutions yesterday and set a price target of $35.00. The company’s shares closed last Wednesday at $27.15.

According to TipRanks.com, Laetsch is a 3-star analyst with an average return of 3.5% and a 59.0% success rate. Laetsch covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Marathon Petroleum, and Nabors Industries. ;'>

Perimeter Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $32.50, implying a 23.1% upside from current levels. In a report issued on March 31, UBS also upgraded the stock to Buy with a $30.00 price target.

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Franco-Nevada (FNV)

In a report released yesterday, Daniel Major from UBS maintained a Buy rating on Franco-Nevada, with a price target of $310.00. The company’s shares closed last Wednesday at $256.83.

According to TipRanks.com, Major is a 5-star analyst with an average return of 27.7% and a 71.2% success rate. Major covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, KGHM Polska Miedz SA, and Freeport-McMoRan. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Franco-Nevada with a $305.48 average price target, representing a 19.6% upside. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $320.00 price target.

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