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Analysts Offer Insights on Materials Companies: Sherwin-Williams Company (SHW) and Martin Marietta Materials (MLM)

Tipranks - Sun Mar 8, 9:06AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Sherwin-Williams Company (SHWResearch Report) and Martin Marietta Materials (MLMResearch Report) with bullish sentiments.

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Sherwin-Williams Company (SHW)

In a report released yesterday, Vincent Andrews from Morgan Stanley maintained a Buy rating on Sherwin-Williams Company, with a price target of $385.00. The company’s shares closed last Friday at $329.88.

According to TipRanks.com, Andrews is a 3-star analyst with an average return of 2.0% and a 60.1% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Cf Industries Holdings, and Westlake Corporation. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sherwin-Williams Company with a $397.17 average price target, representing a 20.0% upside. In a report issued on February 20, TipRanks – PerPlexity also upgraded the stock to Buy with a $406.00 price target.

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Martin Marietta Materials (MLM)

UBS analyst Steven Fisher maintained a Buy rating on Martin Marietta Materials yesterday and set a price target of $755.00. The company’s shares closed last Friday at $609.99, close to its 52-week high of $633.23.

According to TipRanks.com, Fisher is ranked #1438 out of 12128 analysts.

Currently, the analyst consensus on Martin Marietta Materials is a Moderate Buy with an average price target of $707.54, implying a 13.9% upside from current levels. In a report issued on February 25, TipRanks – OpenAI also upgraded the stock to Buy with a $759.00 price target.

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