Avient price target raised to $50 from $45 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Avient (AVNT) to $50 from $45 and keeps a Buy rating on the shares following the Q4 report. While defense “has clearly over-earned” and will likely continue to be above-trend in the near term, with innovation-driven business wins accelerating and portfolio diversification, the eventual normalization will likely be less pronounced than investors had expected and over a longer period of time, the analyst tells investors in a research note.