There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Ecolab (ECL – Research Report) and Corteva (CTVA – Research Report) with bullish sentiments.
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Ecolab (ECL)
In a report released yesterday, Steve Byrne from Bank of America Securities maintained a Buy rating on Ecolab, with a price target of $304.00. The company’s shares closed last Monday at $270.22, close to its 52-week high of $273.69.
According to TipRanks.com, Byrne is a 1-star analyst with an average return of
Ecolab has an analyst consensus of Moderate Buy, with a price target consensus of $297.31, a 9.4% upside from current levels. In a report released yesterday, Erste Group also initiated coverage with a Buy rating on the stock.
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Corteva (CTVA)
In a report released yesterday, Matthew DeYoe from Bank of America Securities maintained a Buy rating on Corteva, with a price target of $79.00. The company’s shares closed last Monday at $62.67.
According to TipRanks.com, DeYoe is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Corteva with a $79.71 average price target, which is a 28.0% upside from current levels. In a report issued on October 2, J.P. Morgan also upgraded the stock to Buy with a $70.00 price target.
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