Analysts’ Opinions Are Mixed on These Materials Stocks: Petroleo Brasileiro SA- Petrobras (NYSE: PBR) and Vale SA (NYSE: VALE)

By Ryan Adsit

Analysts have been eager to weigh in on the Materials sector with new ratings on Petroleo Brasileiro SA- Petrobras (NYSE: PBR) and Vale SA (NYSE: VALE).

Petroleo Brasileiro SA- Petrobras (NYSE: PBR)

Credit Suisse analyst Andre Natal maintained a Buy rating on Petroleo Brasileiro SA- Petrobras (NYSE: PBR) on September 13 and set a price target of $12. The company’s shares closed yesterday at $10.08.

According to TipRanks.com, Natal is ranked #4436 out of 4642 analysts.

Petroleo Brasileiro SA- Petrobras has an analyst consensus of Hold, with a price target consensus of $10.

Vale SA (NYSE: VALE)

In a report released yesterday, Ivano Westin from Credit Suisse maintained a Hold rating on Vale SA (NYSE: VALE), with a price target of $10. The company’s shares closed yesterday at $10.74, close to its 52-week high of $11.72.

According to TipRanks.com, Westin is a 1-star analyst with an average return of 0.0% and a 46.7% success rate. Westin covers the Basic Materials sector, focusing on stocks such as Southern Copper, FRESNILLO PLC, and Buenaventura.

Currently, the analyst consensus on Vale SA is Moderate Buy and the average price target is $10.29, representing a -4.2% downside.

In a report issued on September 1, BMO Capital also reiterated a Hold rating on the stock with a $8 price target.

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