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Analysts Offer Insights on Materials Companies: Wacker Chemie AG (OtherWKCMF), Sibanye Stillwater (SBSW) and Steel Dynamics (STLD)

Tipranks - Thu Jan 29, 3:28AM CST

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Wacker Chemie AG (WKCMFResearch Report), Sibanye Stillwater (SBSWResearch Report) and Steel Dynamics (STLDResearch Report) with bullish sentiments.

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Wacker Chemie AG (WKCMF)

In a report released today, Oliver Schwarz from Warburg Research maintained a Buy rating on Wacker Chemie AG, with a price target of EUR88.00. The company’s shares closed last Monday at $84.39.

Schwarz has an average return of 13.3% when recommending Wacker Chemie AG. ;'>

According to TipRanks.com, Schwarz is ranked #2221 out of 12040 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Wacker Chemie AG with a $81.84 average price target, representing a -2.1% downside. In a report issued on January 16, UBS also maintained a Buy rating on the stock with a EUR84.00 price target.

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Sibanye Stillwater (SBSW)

RBC Capital analyst Ben Davis maintained a Buy rating on Sibanye Stillwater yesterday and set a price target of $18.00. The company’s shares closed last Tuesday at $20.06.

Davis has an average return of 90.0% when recommending Sibanye Stillwater. ;'>

According to TipRanks.com, Davis is ranked #476 out of 12040 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sibanye Stillwater with a $21.40 average price target, representing a 9.3% upside. In a report issued on January 23, HSBC also upgraded the stock to Buy with a $24.80 price target.

Steel Dynamics (STLD)

KeyBanc analyst Philip Gibbs maintained a Buy rating on Steel Dynamics today and set a price target of $190.00. The company’s shares closed last Tuesday at $175.65.

According to TipRanks.com, Gibbs is a 5-star analyst with an average return of 30.7% and a 70.1% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Worthington Steel, Inc., and Cleveland-Cliffs. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Steel Dynamics with a $185.60 average price target, representing a 7.0% upside. In a report issued on January 26, TipRanks – OpenAI also upgraded the stock to Buy with a $205.00 price target.

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