Wall Street Analysts Are Bullish on Top Materials Picks

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on PPG Industries (PPG – Research Report), Endeavour Silver (EXK – Research Report) and IAMGOLD (IAG – Research Report) with bullish sentiments.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

PPG Industries (PPG)

In a report released today, Jeffrey Zekauskas from J.P. Morgan upgraded PPG Industries to Buy, with a price target of $112.00. The company’s shares closed last Wednesday at $99.56.

According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of 3.7% and a 54.3% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Scotts Miracle-Gro Company, and Air Products and Chemicals. ;'>

Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $124.93, implying a 24.1% upside from current levels. In a report issued on October 2, Mizuho Securities also maintained a Buy rating on the stock with a $125.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Endeavour Silver (EXK)

National Bank analyst Shane Nagle maintained a Buy rating on Endeavour Silver yesterday and set a price target of C$19.00. The company’s shares closed last Wednesday at $9.49.

According to TipRanks.com, Nagle is a top 100 analyst with an average return of 35.5% and a 76.6% success rate. Nagle covers the Basic Materials sector, focusing on stocks such as Metalla Royalty & Streaming, Wheaton Precious Metals, and First Quantum Minerals. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Endeavour Silver with a $8.86 average price target, representing a -0.7% downside. In a report issued on October 7, BMO Capital also maintained a Buy rating on the stock with a C$13.00 price target.

IAMGOLD (IAG)

National Bank analyst Mike Parkin maintained a Buy rating on IAMGOLD yesterday and set a price target of C$23.00. The company’s shares closed last Wednesday at $14.26.

Parkin has an average return of 57.1% when recommending IAMGOLD. ;'>

According to TipRanks.com, Parkin is ranked #1184 out of 10089 analysts.

Currently, the analyst consensus on IAMGOLD is a Moderate Buy with an average price target of $11.99, a -13.6% downside from current levels. In a report issued on October 7, RBC Capital also maintained a Buy rating on the stock.

Read More on PPG:

Disclaimer & DisclosureReport an Issue

• PPG upgraded to Overweight from Neutral at JPMorgan
• PPG price target lowered to $129 from $131 at BofA
• PPG price target lowered to $132 from $135 at Wells Fargo
• PPG price target lowered to $115 from $125 at UBS
• PPG price target lowered to $120 from $124 at Citi