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Analysts Are Bullish on These Materials Stocks: Dow Inc (DOW), Kinross Gold (KGC)

Tipranks - Fri Mar 13, 3:30AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Dow Inc (DOWResearch Report) and Kinross Gold (KGCResearch Report) with bullish sentiments.

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Dow Inc (DOW)

Citi analyst Patrick Cunningham upgraded Dow Inc to Buy today and set a price target of $40.00. The company’s shares closed last Wednesday at $34.37, close to its 52-week low of $34.13.

According to TipRanks.com, Cunningham is a 4-star analyst with an average return of 4.1% and a 55.1% success rate. Cunningham covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'>

Currently, the analyst consensus on Dow Inc is a Moderate Buy with an average price target of $34.60, representing a 1.9% upside. In a report issued on March 4, KeyBanc also upgraded the stock to Buy with a $38.00 price target.

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Kinross Gold (KGC)

Kinross Gold received a Buy rating and a $45.00 price target from RBC Capital analyst Ben Davis today. The company’s shares closed last Wednesday at $32.56.

According to TipRanks.com, Davis is a 5-star analyst with an average return of 33.3% and a 74.7% success rate. Davis covers the Basic Materials sector, focusing on stocks such as Valterra Platinum Limited, Sibanye Stillwater, and Vale SA. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kinross Gold with a $44.60 average price target, which is a 38.5% upside from current levels. In a report issued on February 26, Bank of America Securities also maintained a Buy rating on the stock with a $42.75 price target.

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