Analysts’ Top Materials Picks: Sherwin-Williams Company (SHW), Rio Tinto Limited (RTNTF)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Sherwin-Williams Company (SHW), Rio Tinto Limited (RTNTF) and Anglogold Ashanti PLC (AU) with bullish sentiments.

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Sherwin-Williams Company (SHW)

In a report released today, 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 Tuesday at $334.61.

According to TipRanks.com, Andrews is a 3-star analyst with an average return of 2.3% and a 58.9% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Cf Industries Holdings, and Westlake Corporation. ;'>

Currently, the analyst consensus on Sherwin-Williams Company is a Moderate Buy with an average price target of $382.25, an 11.1% upside from current levels. In a report issued on April 8, TipRanks – PerPlexity also upgraded the stock to Buy with a $359.00 price target.

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Rio Tinto Limited (RTNTF)

In a report released today, Lyndon Fagan from J.P. Morgan maintained a Buy rating on Rio Tinto Limited, with a price target of A$180.00. The company’s shares closed last Monday at $126.50.

According to TipRanks.com, Fagan is a 5-star analyst with an average return of 10.8% and a 64.4% success rate. Fagan covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, Iluka Resources Limited, and Capstone Copper. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rio Tinto Limited with a $116.50 average price target, a -7.9% downside from current levels. In a report issued on April 16, Macquarie also maintained a Buy rating on the stock with a A$183.00 price target.

Anglogold Ashanti PLC (AU)

BMO Capital analyst Raj Ray maintained a Buy rating on Anglogold Ashanti PLC today and set a price target of $120.00. The company’s shares closed last Tuesday at $100.45.

According to TipRanks.com, Ray is a 5-star analyst with an average return of 34.5% and a 71.8% success rate. Ray covers the Basic Materials sector, focusing on stocks such as Sayona Mining Limited Unsponsored ADR, Novagold Resources New, and Harmony Gold Mining. ;'>

Currently, the analyst consensus on Anglogold Ashanti PLC is a Strong Buy with an average price target of $129.80, representing a 25.0% upside. In a report issued on April 9, TipRanks – xAI also upgraded the stock to Buy with a $119.00 price target.

Read More on SHW:

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