Avient price target lowered to $39 from $46 at Wells Fargo

Wells Fargo lowered the firm’s price target on Avient to $39 from $46 and keeps an Overweight rating on the shares. While Avient’s volumes declines “remain a disappointment” and may not see an inflection point until mid-24, the firm is reiterating an Overweight rating given stock weakness Q4-to-date and steady growth from sustainable solutions/composites.