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Analysts Have Conflicting Sentiments on These Materials Companies: Corteva (CTVA) and Southern Copper (SCCO)

Tipranks - Wed Feb 4, 9:06PM CST

Analysts have been eager to weigh in on the Materials sector with new ratings on Corteva (CTVAResearch Report) and Southern Copper (SCCOResearch Report).

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Corteva (CTVA)

Morgan Stanley analyst Vincent Andrews maintained a Buy rating on Corteva yesterday and set a price target of $84.00. The company’s shares closed last Tuesday at $75.04.

According to TipRanks.com, Andrews is a 3-star analyst with an average return of 1.2% and a 61.3% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Cf Industries Holdings. ;'>

Currently, the analyst consensus on Corteva is a Strong Buy with an average price target of $79.36, an 8.1% upside from current levels. In a report issued on January 19, TipRanks – PerPlexity also upgraded the stock to Buy with a $77.00 price target.

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Southern Copper (SCCO)

Citi analyst Alexander Hacking maintained a Sell rating on Southern Copper yesterday and set a price target of $152.00. The company’s shares closed last Tuesday at $215.44.

According to TipRanks.com, Hacking is a 5-star analyst with an average return of 20.1% and a 64.5% success rate. Hacking covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Cleveland-Cliffs, and Freeport-McMoRan. ;'>

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Southern Copper with a $145.31 average price target, representing a -29.1% downside. In a report issued on January 21, UBS also downgraded the stock to Sell with a $148.00 price target.

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