Raymond James downgraded Materion to Market Perform from Outperform without a price target As rate cuts take root and freight markets inflect, Marten’s defensive posturing is set to be at a disadvantage in the coming quarters given its lack of debt and contract-centric book of business, the analyst tells investors in a research note. The firm would classify Materion as one of the latest cycle beneficiaries in its coverage group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTRN:
- Materion lowers FY24 adjusted EPS view to $5.20-$5.40, consensus $5.72
- Materion says implemented additional cost control actions
- Materion price target lowered to $135 from $150 at Seaport Research
- Materion Adjusts Full-Year Earnings Guidance Amid Market Challenges
- Materion appoints Jason Moore as president, Precision Optics