Materion (MTRN, Financial) has received an upgrade from the financial services firm Keybanc, which is now recommending the stock with an "Overweight" rating. Previously, Keybanc had assessed Materion with a "Sector Weight" rating. This change reflects a heightened confidence in the company's market performance.
Analyst Philip Gibbs from Keybanc announced a new price target for Materion (MTRN, Financial), setting it at $112.00 USD. This updated price target suggests potential for increased stock value, providing investors with a clearer outlook for the company's future stock performance. There was no prior price target disclosed by Keybanc.
Investors and market watchers will be keeping a close eye on Materion (MTRN, Financial) following this upgrade and price target announcement. These changes could indicate positive momentum and potential growth opportunities for the company in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Materion Corp (MTRN, Financial) is $117.33 with a high estimate of $120.00 and a low estimate of $112.00. The average target implies an upside of 32.39% from the current price of $88.63. More detailed estimate data can be found on the Materion Corp (MTRN) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Materion Corp's (MTRN, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Materion Corp (MTRN, Financial) in one year is $104.45, suggesting a upside of 17.85% from the current price of $88.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Materion Corp (MTRN) Summary page.
