Seaport Research analyst Michael Harrison upgraded Avient (AVNT) to Buy from Neutral with a $56 price target The company reported another quarter of positive organic growth and provided guidance that was close to expectations, the analyst tells investors in a research note. The firm believes Avient’s risk/reward has again become attractive given it organic growth strategy and anticipated progress toward a longer-term 20% EBITDA margin target. Seaport views Avient as an “intriguing combination” of resilient end-market exposure and scalable growth platforms with secular and innovation-driven trends.
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Read More on AVNT:
- Avient upgraded to Buy from Neutral at Seaport Research
- Avient price target lowered to $54 from $56 at Oppenheimer
- Avient price target lowered to $55 from $59 at Wells Fargo
- Avient’s Strategic Growth and Financial Stability Justify Buy Rating
- Avient price target raised to $50 from $45 at Deutsche Bank