Citigroup analyst Patrick Cunningham made a broad move across the chemicals sector on Tuesday. He raised targets on SHW, LIN, and PPG while cutting IFF sharply.
The IFF cut is the standout. Citi slashed the target from $96 to $88 — a 8.3% reduction — while keeping a Buy rating. The consensus average target also drifted down to $91.21. IFF carries $19B in market cap and short interest sits at 7% of free float.
LIN got the biggest boost. Citi lifted the target from $585 to $600, maintaining Buy. The consensus average stands at $546, giving the stock 10% upside to Citi's call.
SHW also benefited. Citi raised its target from $355 to $380, with Buy intact. Consensus sits at $374.
PPG saw a target increase to $125 from $114. Citi holds a Hold on PPG. The consensus average is $123.55.
LYB saw a separate consensus target trim to $79.59, with the overall recommendation skew remaining bearish.
TTWO attracted a new analyst recommendation. The consensus average target rose slightly to $281.50. The gaming giant carries a $45B market cap.
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