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Wall Street Analysts Are Neutral on Top Materials Picks

Tipranks - Tue Jun 23, 7:31AM CDT

Analysts fell to the sidelines weighing in on Sims (SMUPF), Huntsman (HUN) and Wacker Chemie AG (WKCMF) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Sims (SMUPF)

Jefferies analyst Ramoun Lazar upgraded Sims to Hold yesterday and set a price target of A$31.00. The company’s shares closed last Friday at $20.41.

According to TipRanks.com, Lazar is a 2-star analyst with an average return of 0.1% and a 48.8% success rate. Lazar covers the Basic Materials sector, focusing on stocks such as Bluescope Steel, Nufarm Limited, and Orica Limited. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Sims with a $21.09 average price target, representing a 3.3% upside. In a report issued on June 17, Jarden also downgraded the stock to Hold with a A$30.50 price target.

See the top stocks recommended by analysts >>

Huntsman (HUN)

In a report released yesterday, John Roberts CFA from Mizuho Securities maintained a Hold rating on Huntsman, with a price target of $14.00. The company’s shares closed last Thursday at $12.07.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 11.0% and a 60.2% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems. ;'>

Currently, the analyst consensus on Huntsman is a Hold with an average price target of $14.22, which is an 11.5% upside from current levels. In a report issued on June 14, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $17.00 price target.

Wacker Chemie AG (WKCMF)

In a report released yesterday, Marcus Dunford-Castro from Jefferies maintained a Hold rating on Wacker Chemie AG, with a price target of EUR93.00. The company’s shares closed last Monday at $110.57.

According to TipRanks.com, Dunford-Castro is ranked #6931 out of 12315 analysts.

Currently, the analyst consensus on Wacker Chemie AG is a Hold with an average price target of $104.34, implying a -5.6% downside from current levels. In a report issued on June 19, Deutsche Bank also maintained a Hold rating on the stock with a EUR92.60 price target.

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