Keybanc Maintains Overweight Rating for Materion: Here's What You Need To Know

Keybanc has decided to maintain its Overweight rating of Materion MTRN and lower its price target from $106.00 to $100.00.

Shares of Materion are trading up 0.58% over the last 24 hours, at $72.91 per share.

A move to $100.00 would account for a 37.16% increase from the current share price.

About Materion

Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. The majority of revenue is derived domestically, with significant contributions coming from Asia and Europe.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.