Wall Street Analysts Are Bullish on Top Materials Picks
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Nutrien (NTR) and Reliance Steel (RS) with bullish sentiments.
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Nutrien (NTR)
In a report released today, Benjamin Theurer from Barclays upgraded Nutrien to Buy, with a price target of $85.00. The company’s shares closed last Friday at $71.57.
According to TipRanks.com, Theurer is a 4-star analyst with an average return of
Nutrien has an analyst consensus of Moderate Buy, with a price target consensus of $82.60, a 14.3% upside from current levels. In a report issued on April 21, Wells Fargo also maintained a Buy rating on the stock with a $100.00 price target.
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Reliance Steel (RS)
In a report released today, Samuel McKinney from KeyBanc maintained a Buy rating on Reliance Steel, with a price target of $378.00. The company’s shares closed last Friday at $351.68.
According to TipRanks.com, McKinney is a 3-star analyst with an average return of
Currently, the analyst consensus on Reliance Steel is a Moderate Buy with an average price target of $340.14, representing a -1.8% downside. In a report issued on April 23, TipRanks – xAI also upgraded the stock to Buy with a $400.00 price target.
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- Nutrien price target raised to $80 from $78 at Oppenheimer
- Nutrien price target raised to $82 from $81 at BofA
- Nutrien price target raised to $75 from $70 at Scotiabank
- Forget Oil. Fertilizer Stocks Such as CF Industries (CF) Are Skyrocketing
- Nutrien price target raised to $93 from $77 at Morgan Stanley
