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Analysts’ Opinions Are Mixed on These Materials Stocks: Sims (OtherSMUPF) and Boise Cascade (BCC)

Analysts have been eager to weigh in on the Materials sector with new ratings on Sims (SMUPFResearch Report) and Boise Cascade (BCCResearch Report).

Sims (SMUPF)

Morgan Stanley analyst Andrew Scott maintained a Sell rating on Sims today and set a price target of A$10.00. The company’s shares closed last Tuesday at $7.36.

According to TipRanks.com, Scott is a 3-star analyst with an average return of 4.1% and a 52.9% success rate. Scott covers the Basic Materials sector, focusing on stocks such as Bluescope Steel Limited, Incitec Pivot Limited, and Boral Limited.

The word on The Street in general, suggests a Hold analyst consensus rating for Sims with a $8.41 average price target, implying a 14.3% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Sell rating on the stock with a A$10.00 price target.

See today’s best-performing stocks on TipRanks >>

Boise Cascade (BCC)

Goldman Sachs analyst Susan Maklari maintained a Hold rating on Boise Cascade yesterday. The company’s shares closed last Tuesday at $130.67.

According to TipRanks.com, Maklari is a 4-star analyst with an average return of 3.7% and a 52.7% success rate. Maklari covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, A. O. Smith Corporation, and Worthington Industries.

Currently, the analyst consensus on Boise Cascade is a Hold with an average price target of $131.00.

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