Analysts Offer Insights on Materials Companies: Noble Corp (NYSE: NE), Kinder Morgan (NYSE: KMI) and Sherwin-Williams Company (NYSE: SHW)

By Jason Carr

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Noble Corp (NYSE: NE), Kinder Morgan (NYSE: KMI) and Sherwin-Williams Company (NYSE: SHW) with bullish sentiments.

Noble Corp (NYSE: NE)

Credit Suisse analyst Gregory Lewis maintained a Buy rating on Noble Corp (NYSE: NE) yesterday and set a price target of $10. The company’s shares closed yesterday at $5.31.

According to TipRanks.com, Lewis is a 1-star analyst with an average return of -0.7% and a 45.9% success rate. Lewis covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP , Navios Maritime Midstream, and Nordic American Offshore.

Currently, the analyst consensus on Noble Corp is Hold and the average price target is $7, representing a 31.8% upside.

In a report issued on April 7, Jefferies also reiterated a Buy rating on the stock with a $9.50 price target.
Kinder Morgan (NYSE: KMI)

Credit Suisse analyst John Edwards maintained a Buy rating on Kinder Morgan (NYSE: KMI) yesterday and set a price target of $27. The company’s shares closed yesterday at $20.72.

According to TipRanks.com, Edwards is a 3-star analyst with an average return of 2.8% and a 48.6% success rate. Edwards covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Enbridge Energy Management, and Dcp Midstream Partners Lp.

Currently, the analyst consensus on Kinder Morgan is Moderate Buy and the average price target is $25, representing a 20.7% upside.

In a report issued on April 17, BMO Capital also reiterated a Buy rating on the stock with a $26 price target.
Sherwin-Williams Company (NYSE: SHW)

In a report released yesterday, Chris Parkinson from Credit Suisse maintained a Buy rating on Sherwin-Williams Company (NYSE: SHW), with a price target of $325. The company’s shares closed yesterday at $324.02.

According to TipRanks.com, Parkinson is a 1-star analyst with an average return of -2.8% and a 50.0% success rate. Parkinson covers the Basic Materials sector, focusing on stocks such as Compass Minerals International Inc, Platform Specialty Products, and Air Products and Chemicals.

Sherwin-Williams Company has an analyst consensus of Strong Buy, with a price target consensus of $336.67.

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