Wall Street Analysts Are Bullish on Top Materials Picks

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on DuPont de Nemours (DD) and Regis Resources Limited (RGRNF) with bullish sentiments.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.

DuPont de Nemours (DD)

In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Buy rating on DuPont de Nemours, with a price target of $180.00. The company’s shares closed last Friday at $135.29.

According to TipRanks.com, Viswanathan is a 3-star analyst with an average return of 1.2% and a 51.5% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Solstice Advanced Materials, Inc., Air Products and Chemicals, and Sherwin-Williams Company.

Currently, the analyst consensus on DuPont de Nemours is a Moderate Buy with an average price target of $196.64, a 48.1% upside from current levels. In a report issued on July 2, Mizuho Securities also maintained a Buy rating on the stock with a $156.00 price target.