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Analysts Offer Insights on Materials Companies: Air Products and Chemicals (APD) and Steel Dynamics (STLD)

Tipranks - Fri Mar 27, 7:28AM CDT

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 4.8% and a 56.5% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Compass Minerals International, and Scotts Miracle-Gro Company. ;'>

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 2.8% and a 46.7% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Lithium Americas Corp., and Ivanhoe Electric Inc. ;'>

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.

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