Analysts Offer Insights on Materials Companies: Air Products and Chemicals (APD) and Steel Dynamics (STLD)
Analysts have been eager to weigh in on the Materials sector with new ratings on Air Products and Chemicals (APD) and Steel Dynamics (STLD).
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Air Products and Chemicals (APD)
Air Products and Chemicals received a Buy rating and a $310.00 price target from J.P. Morgan analyst Jeffrey Zekauskas yesterday. The company’s shares closed last Wednesday at $290.09.
According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of
Currently, the analyst consensus on Air Products and Chemicals is a Moderate Buy with an average price target of $310.86, representing a 7.9% upside. In a report issued on March 13, Wells Fargo also upgraded the stock to Buy with a $325.00 price target.
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Steel Dynamics (STLD)
In a report released yesterday, Bill Peterson from J.P. Morgan maintained a Hold rating on Steel Dynamics, with a price target of $192.00. The company’s shares closed last Wednesday at $173.47.
According to TipRanks.com, Peterson is a 3-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Steel Dynamics with a $193.00 average price target, which is an 11.9% upside from current levels. In a report issued on March 15, TipRanks – OpenAI also downgraded the stock to Hold with a $187.00 price target.
Read More on APD:
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- Air Products upgraded to Overweight from Neutral at JPMorgan
- Air Products price target raised to $316 from $265 at Argus
- Air Products price target raised to $330 from $290 at Mizuho
- CE, APR, NTR: Wells Fargo Upgrades Chemical Stocks as Iran Conflict Lifts Pricing Outlook
- Adobe downgraded, Nio upgraded: Wall Street’s top analyst calls
