Seaport Global Maintains Buy on Materion, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Michael Harrison maintains a Buy rating on Materion (NYSE:MTRN) but lowers the price target from $150 to $135.
October 02, 2024 | 4:29 pm
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Seaport Global's analyst Michael Harrison continues to recommend buying Materion stock but has reduced the price target from $150 to $135, indicating a more conservative outlook.
The maintained Buy rating suggests continued confidence in Materion's prospects, but the lowered price target reflects a more cautious stance on its valuation. This could lead to neutral short-term price movement as the positive Buy rating is offset by the reduced target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100