Analysts’ Top Materials Picks: Linde (LIN), Ecolab (ECL)
There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Linde (LIN – Research Report), Ecolab (ECL – Research Report) and Hudbay Minerals (HBM – Research Report) with bullish sentiments.
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Linde (LIN)
In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Buy rating on Linde, with a price target of $490.00. The company’s shares closed last Wednesday at $439.35.
According to TipRanks.com, Viswanathan is a 3-star analyst with an average return of
Linde has an analyst consensus of Strong Buy, with a price target consensus of $500.40, implying a 15.4% upside from current levels. In a report issued on January 9, Bank of America Securities also maintained a Buy rating on the stock.
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Ecolab (ECL)
RBC Capital analyst Ashish Sabadra maintained a Buy rating on Ecolab on January 20 and set a price target of $294.00. The company’s shares closed last Wednesday at $279.86.
According to TipRanks.com, Sabadra is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ecolab with a $295.93 average price target, a 7.6% upside from current levels. In a report issued on January 8, Bank of America Securities also maintained a Buy rating on the stock with a $314.00 price target.
Hudbay Minerals (HBM)
RBC Capital analyst Sam Crittenden maintained a Buy rating on Hudbay Minerals on January 20 and set a price target of C$28.00. The company’s shares closed last Wednesday at $24.05.
According to TipRanks.com, Crittenden is a top 100 analyst with an average return of
Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $21.74, a -13.9% downside from current levels. In a report issued on January 8, UBS also initiated coverage with a Buy rating on the stock with a C$34.50 price target.
