Analysts’ Top Materials Picks: NUE, KOP

By Austin Angelo

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Nucor Corp (NYSE: NUE) and Koppers Holdings Inc (NYSE: KOP) with bullish sentiments.

Nucor Corp (NYSE: NUE)

In a report released yesterday, Seth Rosenfeld from Jefferies reiterated a Buy rating on Nucor Corp (NYSE: NUE), with a price target of $77. The company’s shares closed yesterday at $57.33.

According to TipRanks.com, Rosenfeld is a 4-star analyst with an average return of 8.8% and a 58.2% success rate. Rosenfeld covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Worthington Industries, and Peabody Energy Corp.

Nucor Corp has an analyst consensus of Moderate Buy, with a price target consensus of $69.63.

Koppers Holdings Inc (NYSE: KOP)

In a report released yesterday, Laurence Alexander from Jefferies reiterated a Buy rating on Koppers Holdings Inc (NYSE: KOP), with a price target of $48. The company’s shares closed yesterday at $40.25.

According to TipRanks.com, Alexander is a top 100 analyst with an average return of 13.4% and a 65.4% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Commercial Metals Company, and GCP Applied Technologies.

Koppers Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $48.

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