Avient price target raised to $56 from $50 at KeyBanc

KeyBanc raised the firm’s price target on Avient (AVNT) to $56 from $50 and keeps an Overweight rating on the shares. The firm says Avient successfully lifted growth expectations to low single digit organic growth vs. investors pricing in little growth just a few months ago. From here, growth above 2% would be required for the story to develop positively. KeyBanc expects growth to accelerate above this level as trough conditions in the majority of end markets turn more positive and faster-growing areas sustain high growth.