Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Alcoa (AA – Research Report), PPG Industries (PPG – Research Report) and Ingevity (NGVT – Research Report).
Alcoa (AA)
Morgan Stanley analyst Carlos De Alba upgraded Alcoa to Hold today and set a price target of $36.50. The company’s shares closed last Friday at $35.53.
According to TipRanks.com, Alba is a 5-star analyst with an average return of
Currently, the analyst consensus on Alcoa is a Hold with an average price target of $34.81, implying a -1.1% downside from current levels. In a report issued on April 18, B.Riley Financial also maintained a Hold rating on the stock with a $31.00 price target.
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PPG Industries (PPG)
Evercore ISI analyst Stephen Richardson downgraded PPG Industries to Hold yesterday. The company’s shares closed last Friday at $130.90.
According to TipRanks.com, Richardson is ranked #957 out of 8786 analysts.
PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $158.92, a 19.5% upside from current levels. In a report issued on April 9, RBC Capital also maintained a Hold rating on the stock with a $156.00 price target.
Ingevity (NGVT)
In a report released today, Daniel Rizzo from Jefferies upgraded Ingevity to Buy, with a price target of $62.00. The company’s shares closed last Friday at $44.44.
Rizzo has an average return of
According to TipRanks.com, Rizzo is ranked #1586 out of 8786 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ingevity with a $60.60 average price target.
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