Analysts Offer Insights on Materials Companies: TRONOX (TROX) and Knife River Corporation (KNF)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on TRONOX (TROX – Research Report) and Knife River Corporation (KNF – Research Report).
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TRONOX (TROX)
BMO Capital analyst John McNulty downgraded TRONOX to Hold today and set a price target of $7.00. The company's shares closed last Tuesday at $5.31.
According to TipRanks.com, McNulty is a 3-star analyst with an average return of 1.0% and a 49.2% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and DuPont de Nemours.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TRONOX with a $10.56 average price target, representing a 98.9% upside. In a report issued on May 5, Morgan Stanley also maintained a Hold rating on the stock with a $8.00 price target.
Knife River Corporation (KNF)
Bank of America Securities analyst Sherif El-Sabbahy reiterated a Buy rating on Knife River Corporation today and set a price target of $115.00. The company's shares closed last Tuesday at $91.81.
According to TipRanks.com, El-Sabbahy is a 4-star analyst with an average return of 14.7% and a 58.2% success rate. El-Sabbahy covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, Bowman Consulting Group, and ESAB Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Knife River Corporation with a $114.60 average price target.
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