Jefferies Assumes Materion Corp. (MTRN) at Buy

Jefferies assumes coverage on Materion Corp. (NYSE: MTRN) with a Buy. PT $44.00.

The firm comments, "With valuations depressed relative to favorable long term earnings prospects, we see risk/reward as attractive and assume coverage of MTRN with a BUY rating. Numerous favorable secular end market growth trends, continued benefit from improving mix and cost cutting efforts, and prospects for further price improvement support our positive long term outlook."

For more ratings news on Materion Corp. click here and for the rating history of Materion Corp. click here.

Shares of Materion Corp. closed at $28.03 yesterday.

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