KeyBanc Upgrades Minerals Technologies (MTX) to Overweight

KeyBanc upgraded Minerals Technologies (NYSE: MTX) from Sector Weight to Overweight with a price target of $70.00. Analyst Ivan M. Marcuse sees an attractive entry point.

"While MTX’s exposure to the paper, steel and energy markets along with China is concerning at first glance, we believe that a closer look at the different businesses reveals multiple levers of growth and operational improvement possibilities that should help to offset the less than ideal underlying market fundamentals. With a view for higher earnings in 2016 and 2017 along with a solid FCF, we view current levels as an attractive entry point," said Marcuse.

For an analyst ratings summary and ratings history on Minerals Technologies click here. For more ratings news on Minerals Technologies click here.

Shares of Minerals Technologies closed at $56.61 yesterday.

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