Myers Industries price target raised to $26 from $21 at KeyBanc

KeyBanc analyst Christian Zyla raised the firm’s price target on Myers Industries (MYE) to $26 from $21 and keeps an Overweight rating on the shares. Ahead of the company’s Q4 earnings and likely 2026 investor event, the firm is adjusting its estimates. KeyBanc’s price target increase is primarily driven by its expectations of an industrial cycle inflection; of a leaner, more focused plastics manufacturer after the eventual sale of the MTS business; and that Myers’ relatively new management team will introduce multi-year targets with a growth-focused strategy on Infrastructure and Defense end markets.