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Analysts Have Conflicting Sentiments on These Materials Companies: Olin (OLN) and Nucor (NUE)

Analysts have been eager to weigh in on the Materials sector with new ratings on Olin (OLNResearch Report) and Nucor (NUEResearch Report).

Olin (OLN)

Wells Fargo analyst Michael Sison maintained a Hold rating on Olin yesterday and set a price target of $48.00. The company’s shares closed last Tuesday at $43.52.

According to TipRanks.com, Sison is a 4-star analyst with an average return of 5.5% and a 54.1% success rate. Sison covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company.

Currently, the analyst consensus on Olin is a Moderate Buy with an average price target of $50.50, a 16.5% upside from current levels. In a report issued on September 3, BMO Capital also initiated coverage with a Hold rating on the stock with a $50.00 price target.

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Nucor (NUE)

In a report released yesterday, Carlos De Alba from Morgan Stanley maintained a Buy rating on Nucor, with a price target of $176.00. The company’s shares closed last Tuesday at $142.18, close to its 52-week low of $133.42.

According to TipRanks.com, Alba is a 5-star analyst with an average return of 16.9% and a 55.6% success rate. Alba covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, United States Steel, and Nexa Resources SA.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nucor with a $186.67 average price target, which is a 33.9% upside from current levels. In a report issued on September 9, J.P. Morgan also upgraded the stock to Buy with a $174.00 price target.

Read More on OLN:

BMO Capital התחילו לכסות את Olin עם המלצת “דירוג החזקה” ומחיר יעד של 50 דולר

Olin היא חברה מובילה בעולם בייצור מוצרי כלור-אלקלי ועשויה להרוויח משיפורים בשווקים שאליהם היא מוכרת, כך מודיע האנליסט למשקיעים בדוח. הפירמה מציינת כי קשה לחזות מתי שווקי Olin ישתפרו, כי