Analysts Conflicted on These Materials Names: Vale SA (VALE) and Sociedad Quimica Y Minera SA (SQM)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Vale SA (VALE) and Sociedad Quimica Y Minera SA (SQM).
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Vale SA (VALE)
Goldman Sachs analyst Marcio Farid maintained a Buy rating on Vale SA on April 17 and set a price target of $18.00. The company’s shares closed last Tuesday at $17.45.
According to TipRanks.com, Farid is a 5-star analyst with an average return of
Vale SA has an analyst consensus of Moderate Buy, with a price target consensus of $17.83, implying a 0.1% upside from current levels. In a report issued on April 2, Bank of America Securities also upgraded the stock to Buy with a $19.00 price target.
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Sociedad Quimica Y Minera SA (SQM)
In a report released today, Mazahir Mammadli from Rothschild & Co Redburn maintained a Hold rating on Sociedad Quimica Y Minera SA, with a price target of $83.00. The company’s shares closed last Tuesday at $87.22.
According to TipRanks.com, Mammadli is ranked #8775 out of 12212 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sociedad Quimica Y Minera SA with a $81.86 average price target, a -7.0% downside from current levels. In a report issued on April 7, TipRanks – xAI also reiterated a Hold rating on the stock with a $88.00 price target.
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