Analysts Have Conflicting Sentiments on These Materials Companies: Celanese (CE) and IAMGOLD (IAG)
Analysts have been eager to weigh in on the Materials sector with new ratings on Celanese (CE – Research Report) and IAMGOLD (IAG – Research Report).
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Celanese (CE)
In a report released yesterday, Vincent Andrews from Morgan Stanley maintained a Hold rating on Celanese, with a price target of $50.00. The company’s shares closed last Thursday at $54.92, close to its 52-week low of $45.94.
According to TipRanks.com, Andrews is a 3-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celanese with a $59.21 average price target, a 10.2% upside from current levels. In a report issued on February 17, BMO Capital also maintained a Hold rating on the stock with a $41.00 price target.
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IAMGOLD (IAG)
Cormark Securities analyst Richard Gray maintained a Buy rating on IAMGOLD yesterday and set a price target of C$37.00. The company’s shares closed last Thursday at $22.37.
According to TipRanks.com, Gray is ranked #1337 out of 12109 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAMGOLD with a $25.09 average price target, implying a 18.3% upside from current levels. In a report issued on February 4, TipRanks – PerPlexity also upgraded the stock to Buy with a C$28.00 price target.
