Minerals Technologies price target lowered to $80 from $92 at Truist

Truist lowered the firm’s price target on Minerals Technologies (MTX) to $80 from $92 and keeps a Buy rating on the shares after its Q1 results. Tariff-driven uncertainty has impacted demand across the company’s businesses, including in its relatively stable consumer-oriented segment, the analyst tells investors in a research note. Truist adds however that it believes the current valuation of 5.5-times expected forward EBITDA overly discounts the longer-term growth and margin potential across the company’s consumer and industrial-oriented businesses.