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Wall Street Analysts Are Bullish on Top Materials Picks

Tipranks - Tipranks - Sat May 2, 5:32AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Air Products and Chemicals (APD) and Vale SA (VALE) with bullish sentiments.

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Air Products and Chemicals (APD)

BMO Capital analyst John McNulty upgraded Air Products and Chemicals to Buy today and set a price target of $360.00. The company’s shares closed last Thursday at $300.05.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 4.0% and a 49.2% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and RPM International. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Air Products and Chemicals with a $325.53 average price target, implying an 8.9% upside from current levels. In a report issued on April 17, Berenberg Bank also upgraded the stock to Buy with a $350.00 price target.

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Vale SA (VALE)

Goldman Sachs analyst Marcio Farid maintained a Buy rating on Vale SA on April 29 and set a price target of $18.00. The company’s shares closed last Thursday at $16.36.

According to TipRanks.com, Farid is a 5-star analyst with an average return of 33.8% and a 56.1% success rate. Farid covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Hudbay Minerals, and Aura Minerals. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vale SA with a $17.73 average price target, implying a 9.7% upside from current levels. In a report issued on April 29, Bank of America Securities also maintained a Buy rating on the stock.

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