KeyBanc last night initiated coverage of Avient (AVNT) with an Overweight rating and $48 price target The company, under new CEO Ashish Khandpur, is focusing more on high-growth select platforms and markets, the analyst tells investors in a research note. The firm believes achieving 4%-5% organic growth could position the shares for a re-rating. About half of Avient’s end markets are at cyclical lows, with optionality for improvement in consumer durables, construction and auto demand, contends KeyBanc.
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Read More on AVNT:
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- Avient price target lowered to $37 from $43 at Baird
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