KeyBanc last night downgraded Materion (MTRN) to Sector Weight from Overweight without a price target following the Q3 report. While the company’s new business wins in growth markets are encouraging, uncertainty on positive material identification 2026 clad demand and lingering procurement risks from Chinese customers “offer balance,” the analyst tells investors in a research note. KeyBanc points out Materion shares up 31% since its upgrade to Overweight on July 17.
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