Analysts Are Bullish on These Materials Stocks: PPG Industries (PPG), Albemarle (ALB)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on PPG Industries (PPGResearch Report) and Albemarle (ALBResearch Report) with bullish sentiments.

PPG Industries (PPG)

Robert W. Baird analyst Ghansham Panjabi reiterated a Buy rating on PPG Industries yesterday and set a price target of $160.00. The company’s shares closed last Tuesday at $139.22, close to its 52-week high of $145.51.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 6.9% and a 58.2% success rate. Panjabi covers the Industrial Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.

PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $153.29, a 10.8% upside from current levels. In a report issued on May 24, Bank of America Securities also maintained a Buy rating on the stock with a $158.00 price target.

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Albemarle (ALB)

In a report issued on June 5, Ben Kallo from Robert W. Baird reiterated a Buy rating on Albemarle, with a price target of $288.00. The company’s shares closed last Tuesday at $213.11.

According to TipRanks.com, Kallo is a 4-star analyst with an average return of 5.9% and a 50.8% success rate. Kallo covers the Technology sector, focusing on stocks such as Embark Technology, Inc., Rivian Automotive, and QuantumScape.

Currently, the analyst consensus on Albemarle is a Moderate Buy with an average price target of $261.88, which is a 28.4% upside from current levels. In a report issued on May 31, Piper Sandler also maintained a Buy rating on the stock with a $275.00 price target.

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