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Analysts Are Bullish on Top Materials Stocks: Kaiser Aluminum (KALU), Teck Resources (TECK)

Tipranks - Fri Apr 17, 4:39AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Kaiser Aluminum (KALU) and Teck Resources (TECK) with bullish sentiments.

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Kaiser Aluminum (KALU)

In a report released today, Samuel McKinney from KeyBanc initiated coverage with a Buy rating on Kaiser Aluminum and a price target of $170.00. The company’s shares closed last Wednesday at $138.03.

According to TipRanks.com, McKinney is a 2-star analyst with an average return of 6.7% and a 75.0% success rate. McKinney covers the Basic Materials sector, focusing on stocks such as Worthington Steel, Inc., Cleveland-Cliffs, and Reliance Steel. ;'>

Kaiser Aluminum has an analyst consensus of Hold, with a price target consensus of $130.50, representing a -8.3% downside. In a report issued on April 1, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $130.00 price target.

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Teck Resources (TECK)

Deutsche Bank analyst Liam Fitzpatrick maintained a Buy rating on Teck Resources yesterday and set a price target of $62.00. The company’s shares closed last Wednesday at $58.28.

According to TipRanks.com, Fitzpatrick is a 5-star analyst with an average return of 13.0% and a 59.8% success rate. Fitzpatrick covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Freeport-McMoRan, and Anglo American. ;'>

Teck Resources has an analyst consensus of Moderate Buy, with a price target consensus of $59.75.

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