Keybanc Maintains Overweight Rating for Materion: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has reaffirmed its Overweight rating on Materion (NYSE:MTRN) and increased its price target from $140.00 to $157.00. Materion's shares are currently trading at $137.46, indicating a potential 14.22% increase to the new target price. Materion is a US-based producer of engineered materials, primarily for electronic applications.
February 16, 2024 | 5:00 pm
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Keybanc maintains Overweight rating on Materion, raising price target from $140 to $157. Current trading price is $137.46.
The increase in price target by Keybanc suggests a strong confidence in Materion's future performance, particularly in its core business of engineered materials for electronic applications. This endorsement from a reputable financial institution could positively influence investor sentiment and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100