Minerals Technologies shares are trading higher after the company reported an increase in its quarterly dividend and the initiation of a new share repurchase program. Also, Sidoti & Co upgraded the stock from Neutral to Buy and announced a $64 price target.
Portfolio Pulse from Benzinga Newsdesk
Minerals Technologies (MTX) shares are trading higher after the company reported an increase in its quarterly dividend and the initiation of a new share repurchase program. Sidoti & Co upgraded the stock from Neutral to Buy and announced a $64 price target.
October 19, 2023 | 5:37 pm
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POSITIVE IMPACT
Minerals Technologies' stock is likely to experience a positive short-term impact due to the increase in its quarterly dividend, the initiation of a new share repurchase program, and Sidoti & Co's upgrade from Neutral to Buy with a $64 price target.
The increase in the quarterly dividend and the initiation of a new share repurchase program are positive signals for investors, indicating the company's strong financial health and confidence in its future prospects. Additionally, the upgrade from Sidoti & Co from Neutral to Buy and the announcement of a $64 price target further boost investor confidence in the stock, potentially leading to an increase in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100