Analysts Are Bullish on Top Materials Stocks: McEwen Mining (MUX), Dow Inc (DOW)
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on McEwen Mining (MUX – Research Report) and Dow Inc (DOW – Research Report) with bullish sentiments.
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McEwen Mining (MUX)
In a report released yesterday, Jeremy Hoy from Canaccord Genuity maintained a Buy rating on McEwen Mining, with a price target of $30.00. The company’s shares closed last Friday at $23.22.
According to TipRanks.com, Hoy is a top 100 analyst with an average return of
Currently, the analyst consensus on McEwen Mining is a Strong Buy with an average price target of $30.33, which is a 24.7% upside from current levels. In a report released yesterday, Alliance Global Partners also reiterated a Buy rating on the stock with a $31.00 price target.
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Dow Inc (DOW)
Wells Fargo analyst Michael Sison maintained a Buy rating on Dow Inc yesterday and set a price target of $45.00. The company’s shares closed last Friday at $36.62, close to its 52-week low of $34.13.
According to TipRanks.com, Sison is a 1-star analyst with an average return of
Dow Inc has an analyst consensus of Moderate Buy, with a price target consensus of $35.60, representing a -5.6% downside. In a report issued on March 4, KeyBanc also upgraded the stock to Buy with a $38.00 price target.
