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Stock impact report

Materion (MTRN) Soars 3.5%: Is Further Upside Left in the Stock? [Yahoo! Finance]

Materion Corporation (MTRN) 
Last materion corporation earnings: 4/23 07:53 am Check Earnings Report
US:NYSE Investor Relations: investor.materion.com/investor-relations
Company Research Source: Yahoo! Finance
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. Materion has recently revised its earnings per share forecast for 2024 to a range of $5.20-5.40 due to lower-than-expected incoming order rates for the second half of 2024. MTRN, however, expects to deliver an EBITDA margin above 20% for the second half, driven by cost-reduction initiatives and lower incentive comp. The analyst at Seaport believes that MTRN can show some sequential improvement in the fourth quarter of 2024 and momentum into 2025 from key markets including semiconductor, aerospace & defense and consumer electronics (including the precision clad strip application). Materion recently appointed Jason Moore as the President of its Precision Optics busi Show less Read more
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