Wall Street's Most Accurate Analysts Reshuffled Their Best Materials Picks, Here They Are

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Here's a look at some of the top materials stocks from several analysts, according to Benzinga Analyst Stock Ratings.

Cleveland-Cliffs Inc. CLF

• Morgan Stanley analyst Carlos De Alba reiterated an Overweight rating with a price target of $19 on July 27, 2023. This analyst sees around 30% upside in the stock and has an accuracy rate of 80%.
• Credit Suisse analyst Curt Woodworth reiterated an Outperform rating with a price target of $25 on July 26, 2023. This analyst sees the stock gaining 70% and has an accuracy rate of 77%.
• Recent News: Cleveland-Cliffs inked a tentative pact with the United Steelworkers (USW) on a new three-year labor agreement regarding operations at the Northshore Mine in Minnesota.

Century Aluminum Company CENX

• B. Riley Securities analyst Lucas Pipes maintained a Neutral rating and cut the price target from $10 to $9 on Aug. 14, 2023. Pipes sees an upside of 19% in the stock and has an accuracy rate of 64%.
• Wolfe Research analyst Timna Tanners downgraded the stock from Peer Perform to Underperform with a price target of $6 on July 11, 2023. This analyst sees around 21% decline in the stock and has an accuracy rate of 68%.
• Recent News: Century Aluminum posted a profit for the second quarter.

Intrepid Potash, Inc. IPI

• BMO Capital analyst Joel Jackson maintained a Market Perform rating and cut the price target from $35 to $25 on May 5, 2023. This analyst sees around 3% decline in the stock and has an accuracy rate of 74%.
• UBS analyst Joshua Spector maintained a Sell rating and cut the price target from $38 to $29 on Jan. 11, 2023. This analyst sees the stock gaining around 13% and has an accuracy rate of 70%.
• Recent News: Intrepid Potash posted downbeat quarterly earnings.

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