Companies in the Materials sector have received a lot of coverage today as analysts weigh in on WestRock (WRK – Research Report), Berry Global Group (BERY – Research Report) and MAG Silver (MAG – Research Report).
WestRock (WRK)
In a report issued on November 28, Gabrial Hajde from Wells Fargo reiterated a Buy rating on WestRock, with a price target of $62.00. The company’s shares closed last Monday at $46.12.
According to TipRanks.com, Hajde is a 4-star analyst with an average return of 8.8% and a 68.0% success rate. Hajde covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.
Currently, the analyst consensus on WestRock is a Moderate Buy with an average price target of $54.29.
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Berry Global Group (BERY)
BMO Capital analyst Mark Wilde maintained a Buy rating on Berry Global Group today and set a price target of $82.00. The company’s shares closed last Monday at $71.61, close to its 52-week high of $71.98.
According to TipRanks.com, Wilde is a 5-star analyst with an average return of 17.9% and a 68.9% success rate. Wilde covers the Basic Materials sector, focusing on stocks such as International Paper Co, West Fraser Timber Co, and Graphic Packaging.
Currently, the analyst consensus on Berry Global Group is a Strong Buy with an average price target of $82.09, a 20.7% upside from current levels. In a report issued on November 19, Goldman Sachs also maintained a Buy rating on the stock with a $84.00 price target.
MAG Silver (MAG)
BMO Capital analyst Ryan Thompson maintained a Hold rating on MAG Silver today and set a price target of $25.00. The company’s shares closed last Monday at $16.35.
According to TipRanks.com, Thompson is a 4-star analyst with an average return of 14.3% and a 49.6% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Fortuna Silver Mines, and Torex Gold Resources.
Currently, the analyst consensus on MAG Silver is a Moderate Buy with an average price target of $22.91.
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