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Materion (MTRN) Soars 3.5%: Is Further Upside Left in the Stock?
MTRNMaterion (MTRN) ZACKS·2024-10-04 10:05

Materion (MTRN) shares ended the last trading session 3.5% higher at 100.43.Thejumpcameonanimpressivevolumewithahigher−than−averagenumberofshareschanginghandsinthesession.Thiscomparestothestock′s9.6100.43. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.6% loss over the past four weeks. An analyst at Seaport Global Securities maintained a Buy rating on the MTRN stock despite lowering its target price from 150.00 to 135.00.Materionhasrecentlyreviseditsearningspershareforecastfor2024toarangeof135.00. Materion has recently revised its earnings per share forecast for 2024 to a range of 5.20-5.40 due to lowerthan-ex ...