Analysts Offer Insights on Materials Companies: Nucor (NUE) and PPG Industries (PPG)
Analysts have been eager to weigh in on the Materials sector with new ratings on Nucor (NUE – Research Report) and PPG Industries (PPG – Research Report).
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Nucor (NUE)
In a report released yesterday, Bill Peterson from J.P. Morgan maintained a Buy rating on Nucor, with a price target of $200.00. The company’s shares closed last Tuesday at $173.58.
According to TipRanks.com, Peterson is a 4-star analyst with an average return of
Currently, the analyst consensus on Nucor is a Moderate Buy with an average price target of $185.75, which is a 7.7% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Buy with a $201.00 price target.
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PPG Industries (PPG)
In a report released yesterday, Matthew DeYoe from Bank of America Securities reiterated a Hold rating on PPG Industries, with a price target of $116.00. The company’s shares closed last Tuesday at $110.28, close to its 52-week low of $105.64.
According to TipRanks.com, DeYoe is a 4-star analyst with an average return of
PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $118.00, a 4.8% upside from current levels. In a report issued on January 13, TipRanks – Anthropic also downgraded the stock to Hold with a $114.00 price target.
