Wells Fargo lowered the firm’s price target on Avient (AVNT) to $39 from $55 and keeps an Overweight rating on the shares. Given increased risks in a post tariff world, the firm recommends a more defensive position within the chemicals sector into Q1 2025 results as Wells expects cautious outlook commentary.
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Read More on AVNT:
- Avient’s Growth Potential and Resilience: A Buy Recommendation by Laurence Alexander
- Avient initiated with a Neutral at Baird
- Avient Corporation Faces Challenges Amidst Rising Competition and Innovation Pressures
- Seaport upgrades Avient to Buy on attractive risk/reward
- Avient upgraded to Buy from Neutral at Seaport Research