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Analysts Offer Insights on Materials Companies: LyondellBasell (LYB) and Wheaton Precious Metals (WPM)

Analysts have been eager to weigh in on the Materials sector with new ratings on LyondellBasell (LYBResearch Report) and Wheaton Precious Metals (WPMResearch Report).

LyondellBasell (LYB)

KeyBanc analyst Aleksey Yefremov reiterated a Hold rating on LyondellBasell today. The company’s shares closed last Friday at $86.56, close to its 52-week low of $85.64.

According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 7.9% and a 56.7% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Westlake Chemical.

LyondellBasell has an analyst consensus of Moderate Buy, with a price target consensus of $105.92, a 21.5% upside from current levels. In a report issued on November 1, Mizuho Securities also maintained a Hold rating on the stock.

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Wheaton Precious Metals (WPM)

Berenberg Bank analyst Richard Hatch maintained a Buy rating on Wheaton Precious Metals on November 1 and set a price target of $66.00. The company’s shares closed last Friday at $65.13, close to its 52-week high of $68.64.

According to TipRanks.com, Hatch is a 5-star analyst with an average return of 9.2% and a 53.1% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Resolute Mining Limited, Anglo American, and Anglo American.

Wheaton Precious Metals has an analyst consensus of Strong Buy, with a price target consensus of $71.60, implying a 7.8% upside from current levels. In a report issued on October 21, Bank of America Securities also maintained a Buy rating on the stock.

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