Analysts’ Opinions Are Mixed on These Materials Stocks: Abeona Therapeutics (NASDAQ: ABEO), Arch Coal Inc (NYSE: ARCH) and National-Oilwell (NYSE: NOV)

By Austin Angelo

Analysts have been eager to weigh in on the Materials sector with new ratings on Abeona Therapeutics (NASDAQ: ABEO), Arch Coal Inc (NYSE: ARCH) and National-Oilwell (NYSE: NOV).

Abeona Therapeutics (NASDAQ: ABEO)

In a report released today, Biren Amin from Jefferies reiterated a Buy rating on Abeona Therapeutics (NASDAQ: ABEO), with a price target of $11. The company’s shares closed yesterday at $5.35.

According to TipRanks.com, Amin is a 3-star analyst with an average return of 2.7% and a 46.7% success rate. Amin covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Stemline Therapeutics Inc, and Lion Biotechnologies Inc.

Currently, the analyst consensus on Abeona Therapeutics is Strong Buy and the average price target is $16.50, representing a 208.4% upside.

In a report issued on May 17, H.C. Wainwright also reiterated a Buy rating on the stock with a $20 price target.
Arch Coal Inc (NYSE: ARCH)

In a report released today, Chris LaFemina from Jefferies reiterated a Buy rating on Arch Coal Inc (NYSE: ARCH), with a price target of $90. The company’s shares closed yesterday at $70.77.

According to TipRanks.com, LaFemina is ranked 0 out of 5 stars with an average return of -7.5% and a 38.3% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Randgold Resources Limited, and Anglogold Ashanti Ltd.

Currently, the analyst consensus on Arch Coal Inc is Strong Buy and the average price target is $95.67, representing a 35.2% upside.

In a report issued on May 19, Stifel Nicolaus also reiterated a Buy rating on the stock with a $92 price target.
National-Oilwell (NYSE: NOV)

Jefferies analyst Brad Handler reiterated a Hold rating on National-Oilwell (NYSE: NOV) yesterday and set a price target of $38. The company’s shares closed yesterday at $32.67.

According to TipRanks.com, Handler is ranked 0 out of 5 stars with an average return of -7.9% and a 34.6% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Basic Energy Services.

National-Oilwell has an analyst consensus of Hold, with a price target consensus of $38.17.

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