Analysts Offer Insights on Materials Companies: Eagle Materials Inc (NYSE: EXP) and Continental Resources (NYSE: CLR)

By Ryan Adsit

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Eagle Materials Inc (NYSE:EXP) and Continental Resources (NYSE:CLR) with bullish sentiments.

Eagle Materials Inc (EXP)

Jefferies analyst Philip Ng reiterated a Buy rating on Eagle Materials Inc on October 31 and set a price target of $104. The company’s shares closed yesterday at $77.08.

According to TipRanks.com, Ng is ranked #400 out of 4908 analysts.

Eagle Materials Inc has an analyst consensus of Strong Buy, with a price target consensus of $108.60, which is a 40.9% upside from current levels. In a report issued on October 18, Stifel Nicolaus also reiterated a Buy rating on the stock with a $117 price target.

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Continental Resources (CLR)

In a report issued on October 31, Thomas Hughes from Jefferies reiterated a Buy rating on Continental Resources, with a price target of $80. The company’s shares closed yesterday at $52.40.

According to TipRanks.com, Hughes is ranked #4173 out of 4908 analysts.

Currently, the analyst consensus on Continental Resources is a Moderate Buy with an average price target of $75.20, a 43.5% upside from current levels. In a report issued on October 17, Goldman Sachs also maintained a Buy rating on the stock.

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