Minerals Technologies price target lowered to $101 from $103 at Truist

Truist analyst Peter Osterland lowered the firm’s price target on Minerals Technologies (MTX) to $101 from $103 and keeps a Buy rating on the shares after its Q4 results and outlook. The company’s Q1 appears to be off to a slow start, but the company did note trends in order patterns and shipments are improving, the analyst tells investors in a research note. Minerals Technologies did not commit to an upwardly revised operating margin target due to uncertainty around demand particularly for industrial end markets, but once these markets show signs of recovery, the margin improvement thesis will continue to play out, the firm added.