Vincent Andrews, an analyst from Morgan Stanley, maintained the Hold rating on Avient (AVNT – Research Report). The associated price target remains the same with $41.00.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Vincent Andrews has given his Hold rating due to a combination of factors influencing Avient’s financial outlook. The revised earnings per share (EPS) and EBITDA estimates for the upcoming years indicate a downward adjustment, reflecting a weaker performance than initially expected. This adjustment is primarily attributed to a softer market environment as the company exits the second quarter, coupled with reduced demand in packaging and consumer markets, which impacts growth projections for Avient’s Color, Additives, and Inks segment.
Moreover, while there is a slight reduction in interest expenses anticipated due to debt repayment, these positive aspects are not sufficient to offset the broader challenges. The overall financial forecast suggests limited upside potential, justifying a Hold rating as investors may want to wait for clearer signs of recovery or growth before making further investment decisions.