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Analysts Conflicted on These Materials Names: Nucor (NUE) and PPG Industries (PPG)

Tipranks - Thu Jun 11, 6:52AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Nucor (NUE) and PPG Industries (PPG).

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Nucor (NUE)

In a report released today, Bill Peterson from J.P. Morgan maintained a Buy rating on Nucor, with a price target of $282.00. The company’s shares closed last Tuesday at $254.32.

According to TipRanks.com, Peterson is a 4-star analyst with an average return of 7.7% and a 49.4% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Lithium Americas Corp., Ivanhoe Electric Inc., and Freeport-McMoRan. ;'>

Nucor has an analyst consensus of Strong Buy, with a price target consensus of $259.13, a 0.9% upside from current levels. In a report issued on May 27, Wells Fargo also maintained a Buy rating on the stock with a $244.00 price target.

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PPG Industries (PPG)

In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Hold rating on PPG Industries, with a price target of $119.00. The company’s shares closed last Tuesday at $116.36.

According to TipRanks.com, Viswanathan is a 3-star analyst with an average return of 1.3% and a 50.3% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems. ;'>

PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $122.27.

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