UPDATE: KeyBanc Upgrades Materion Corp. (MTRN) to Overweight

(updating comment)

KeyBanc analyst Philip Gibbs upgraded Materion Corp. (NYSE: MTRN) from Sector Weight to Overweight with a price target of $58.00.

The analyst comments "We strongly up our EPS to reflect sales diversification; efficiency improvements; and potential for a sizeable secular growth opportunity in late 2021 born from its R&D pipeline. Value metrics are supportive, and we believe investors will be attracted to MTRN's growth potential and strong balance sheet."

For an analyst ratings summary and ratings history on Materion Corp. click here. For more ratings news on Materion Corp. click here.

Shares of Materion Corp. closed at $47.42 yesterday.

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