Short interest for Materion gives investors a sense of the degree to which investors are betting on the decline of Materion's stock. Short interest data is updated every two weeks.

Materion Stock (NYSE:MTRN), Short Interest Report

Materion

Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials which produces chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire.

mining ai

Earnings

Commodities

ACNT

MTRN

Top stories: ISS &amp; Glass Lewis recommend U.S. Steel shareholders approve sale to Nippon Steel. Ascent Industries reports decrease in sales &amp; net loss. Materion expects Q1 sales drop. MP Materials awarded $58.5M to build rare earth magnet facility in U.S.

Proxy Advisors Recommend Sale Of US Steel; Ascent Reports Financial Results; Materion Expects 10% Sales Decline And More: Monday&#39;s Top Mining Stories

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Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

TSLA

U.S. stocks closed mixed on Friday, with the S&amp;P 500 snapping a six-day winning streak. However, the broad market index recorded gains last week. The S&amp;P 500 gained around 1.1%, while the blue-chip Dow added about 0.7% last week.

This Analyst With 85% Accuracy Rate Sees Around 24% Upside In Western Digital - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Enphase Energy To Rally Over 35%? Here Are 10 Top Analyst Forecasts For Tuesday

Materion Corp

Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) reported quarterly earnings of $0.96 per share which met the analyst consensus estimate. This is a 28.36 percent decrease over earnings of $1.34 per share from the same period last year. The company reported quarterly sales of $385.287 million which missed the analyst consensus estimate of $386.840 million by 0.40 percent. This is a 12.93 percent decrease over sales of $442.526 million the same period last year.

Earnings Misses

Materion Q1 2024 GAAP EPS $0.96, Inline, Sales $385.287M Miss $386.840M Estimate

Top Stories for April 1, 2024:
1. Institutional Shareholder Services (ISS) and Glass Lewis, independent proxy advisory firms, recommended U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shareholders approve the sale to Nippon Steel at the April 12 special meeting. 
ISS believes the transaction offers a significant premium from a competitive sale process, favoring Nippon&#8217;s all-cash offer over a riskier offer from Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>).&nbsp;
Glass Lewis also notes the deal&#8217;s value substantially exceeds U.S. Steel's stand-alone valuation prior to the announcement, viewing the all-cash purchase price as attractive and well-supported by a comprehensive solicitation effort.
2. Ascent Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACNT#NASDAQ">ACNT</a>) reported a decrease in net sales and a net loss for both Q4 and the full year of 2023, primarily due to reduced demand, destocking trends and increased costs. 
Q4 net sales dropped to $41.2 million from $54.2 million, with a net loss of $7.5 million, compared to net income of $4.5 million in the previous year.&nbsp;
Full-year net sales fell to $193.2 million from $262 million, with its net loss increasing to $34.2 million from a net income of $17.6 million in 2022.&nbsp;
Adjusted EBITDA was negative for both periods, reflecting lower operating margins.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/m-a/24/03/37990028/steel-industry-continues-to-consolidate-as-companies-adapt-to-new-global-dynamics">Steel Industry Continues To Consolidate As Companies Adapt To New Global Dynamics</a>
3. Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) expects its first-quarter value-added sales to decrease by about 10%, forecasting sales between $255 to $265 million due to lower shipment volumes and a slight drop in order rates. 
Despite these challenges, the company is optimistic about recovering losses later in 2024 and will provide more updates in its May earnings call.
4. MP Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) was awarded $58.5 million to build the first fully-integrated rare earth magnet facility in America, a project supported by the IRS and Treasury through a competitive process overseen by the Department of Energy. 
This facility will produce neodymium-iron-boron (NdFeB) magnets, crucial for a wide range of technologies including electric vehicles and defense systems, with demand expected to triple by 2035.&nbsp;
The construction began in Fort Worth, Texas, in April 2022, with commercial production starting in 2025.&nbsp;
This move addresses the U.S.&#8217;s critical dependence on imports for NdFeB magnets, a national security concern highlighted by a Department of Commerce investigation.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/etfs/sector-etfs/24/03/37994542/gold-prices-rise-to-all-time-highs-mark-best-month-in-4-years-mining-stocks-rally-as-traders-ant">Gold Prices Rise To All-Time Highs, Mark Best Month In 4 Years: Mining Stocks Rally As Traders Anticipate Windfall Gains</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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Proxy Advisors Recommend Sale Of US Steel; Ascent Reports Financial Results; Materion Expects 10% Sales Decline And More: Monday's Top Mining Stories

Keybanc analyst Philip Gibbs maintains Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) with a Overweight and lowers the price target from $157 to $156.

Keybanc Maintains Overweight on Materion, Lowers Price Target to $156

WIIM

Materion shares are trading lower after the company said it expects value-added sales for the first quarter will be roughly 10% below prior expectations.

Guidance

Materion Currently Believes That Impact Of Q1 Shortfall Will Be Made Up Over Balance Of 2024

Materion Estimates The Value-added Sales For Q1 To Be In Range Of $255M-$265M

Keybanc has decided to maintain its Overweight rating of Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) and raise its price target from $140.00 to $157.00.
Shares of Materion are trading up 0.0% over the last 24 hours, at $137.46 per share.
A move to $157.00 would account for a 14.22% increase from the current share price.
<h3>About Materion</h3>
Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Keybanc Maintains Overweight Rating for Materion: Here's What You Need To Know

Keybanc analyst Philip Gibbs maintains Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) with a Overweight and raises the price target from $140 to $157.

Keybanc Maintains Overweight on Materion, Raises Price Target to $157

Materion Sees FY24 Adj. EPS $6.10-$6.50 vs $6.29 Est.

Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) reported quarterly earnings of $1.41 per share which met the analyst consensus estimate. The company reported quarterly sales of $421.00 million which beat the analyst consensus estimate of $420.36 million by 0.15 percent. This is a 3.12 percent decrease over sales of $434.58 million the same period last year.

Earnings Beats

Materion Q4 2023 Adj. EPS $1.41, Inline, Sales $421.00 Miss $420.36M Estimate

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Earnings Scheduled For February 15, 2024

Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement.
Analysts estimate that Materion will report an earnings per share (EPS) of $1.41. 
Materion bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.09, which was followed by a 0.57% increase in the share price the next day.
Here's a look at Materion's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.42</td>
<td>1.36</td>
<td>1.25</td>
<td>1.34</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.51</td>
<td>1.38</td>
<td>1.34</td>
<td>1.37</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.57%</td>
<td>-3.72%</td>
<td>-9.94%</td>
<td>1.75%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707933701_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Materion were trading at $119.7 as of February 13. Over the last 52-week period, shares are up 11.54%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MTRN/earnings">To track all earnings releases for Materion visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Materion's Earnings Outlook

U.S. stocks closed mixed on Friday, with the S&amp;P 500 snapping a six-day winning streak. However, the broad market index recorded gains last week. The S&amp;P 500 gained around 1.1%, while the blue-chip Dow added about 0.7% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#39;s opinion to <a href="https://www.benzinga.com/money/setting-up-a-trust/">trust</a>.
Benzinga&#39;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. One of the ways traders can sort through Benzinga&#39;s extensive database of analyst ratings is by analyst accuracy. Here&#39;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings"> Analyst Stock </a> Ratings.
Analyst: Jay McCanless
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Reiterated a Neutral rating on D.R. Horton, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dhi#NYSE">DHI</a>) with a price target of $115 on Jan. 23, 2024. This analyst sees around 18% downside in the stock.</li>
<li>Recent News: D.R. Horton reported first-quarter fiscal 2024 sales growth of 7% year-over-year to $7.73 billion, beating the consensus of $7.60 billion.</li>
</ul>
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained a Hold rating on Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and cut the price target from $227 to $193 on Jan. 25, 2024. This analyst sees around 5% upside in the stock.</li>
<li>Recent News: Tesla reported worse-than-expected fourth-quarter financial results.</li>
</ul>
Analyst: Matt Bryson
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Reiterated a Neutral rating on Seagate Technology Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) with a price target of $100 on Jan. 25, 2024. This analyst sees around 11% upside in the stock.</li>
<li>Recent News: Seagate reported quarterly earnings of 12 cents per share, surpassing the analyst consensus estimate of a six-cent loss.</li>
</ul>
Analyst: Aaron Rakers
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Western Digital Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdc#NASDAQ">WDC</a>) and boosted the price target from $62 to $72 on Jan. 26, 2024. This analyst sees around 24% surge in the stock.</li>
<li>Recent News: Western Digital reported quarterly adjusted losses of 69 cents per share beating the analyst consensus estimate of losses a $1.13 per share by 38.94%.</li>
</ul>
Analyst: Philip Gibbs
<ul>
<li>Analyst Firm: Keybanc</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Materion Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtrn#NYSE">MTRN</a>) and boosted the price target from $130 to $140 on Jan. 23, 2024. This analyst sees around 21% upside in the stock.</li>
<li>Recent News: Materion, during November, posted better-than-expected third-quarter earnings.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/01/36819476/f5-likely-to-report-higher-q1-earnings-these-most-accurate-analysts-revise-forecasts-ahead-of-earni"> F5 Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

This Analyst With 85% Accuracy Rate Sees Around 24% Upside In Western Digital - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Deutsche Bank raised Constellium SE (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cstm#NYSE">CSTM</a>) price target from $21 to $24. Deutsche Bank analyst Corinne Blanchard maintained a Buy rating. Constellium shares gained 1.3% to close at $18.85 on Monday. <a href="https://www.benzinga.com/quote/CSTM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs increased the price target for Zuora, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zuo#NYSE">ZUO</a>) from $10 to $12. Goldman Sachs analyst Adam Hotchkiss upgraded the stock from Neutral to Buy. Zuora shares rose 3.2% to close at $8.84 on Monday. <a href="https://www.benzinga.com/quote/ZUO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities boosted the price target for Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>) from $85 to $145. Truist Securities analyst Jordan Levy upgraded the stock from Hold to Buy. Enphase Energy shares rose 3.4% to close at $107.15 on Monday. <a href="https://www.benzinga.com/quote/ENPH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies raised Teva Pharmaceutical Industries Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teva#NYSE">TEVA</a>) price target from $10 to $14. Jefferies analyst Glen Santangelo upgraded the stock from Hold to Buy. Teva shares rose 2.8% to close at $11.49 on Monday. <a href="https://www.benzinga.com/quote/TEVA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo boosted the price target for NuStar Energy L.P. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ns#NYSE">NS</a>) from $18 to $21. Wells Fargo analyst Michael Blum upgraded the stock from Underweight to Equal-Weight. NuStar Energy shares jumped 18.3% to close at $21.32 on Monday. <a href="https://www.benzinga.com/quote/NS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut the price target for Callon Petroleum Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpe#NYSE">CPE</a>) from $44 to $32. Stifel analyst Derrick Whitfield downgraded the stock from Buy to Hold. Callon Petroleum shares gained 1.3% to close at $31.48 on Monday. <a href="https://www.benzinga.com/quote/CPE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. slashed BioNTech SE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bntx#NASDAQ">BNTX</a>) price target from $133 to $107. HC Wainwright &amp; Co. analyst Robert Burns maintained a Buy rating. BioNTech shares gained 1.6% to close at $99.81 on Monday. <a href="https://www.benzinga.com/quote/BNTX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham raised Viant Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dsp#NASDAQ">DSP</a>) price target from $7.5 to $10. Needham analyst Laura Martin maintained a Buy rating. Viant Technology shares fell 4.4% to close at $8.02 on Monday. <a href="https://www.benzinga.com/quote/DSP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen cut Chevron Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) price target from $170 to $150. TD Cowen analyst Jason Gabelman downgraded the stock from Outperform to Market Perform. Chevron shares rose 0.2% to close at $142.49 on Monday. <a href="https://www.benzinga.com/quote/CVX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc boosted Materion Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtrn#NYSE">MTRN</a>) price target from $130 to $140. Keybanc analyst Philip Gibbs maintained an Overweight rating. Materion shares fell 0.9% to close at $118.84 on Monday. <a href="https://www.benzinga.com/quote/MTRN/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/01/36731409/verizon-netflix-and-3-stocks-to-watch-heading-into-tuesday"> Verizon, Netflix And 3 Stocks To Watch Heading Into Tuesday </a>

Keybanc analyst Philip Gibbs maintains Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) with a Overweight and raises the price target from $130 to $140.

Keybanc Maintains Overweight on Materion, Raises Price Target to $140

Keybanc analyst Philip Gibbs maintains Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) with a Overweight and raises the price target from $128 to $130.

Keybanc Maintains Overweight on Materion, Raises Price Target to $130

Materion Expects FY23 Adjusted EPS In The Range Of $5.70-$5.90 Up 10% At Midpoint YoY Vs. Estimate Of $5.70 (Prior Outlook:  $5.60 to $6.00)

Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) reported adjusted quarterly earnings of $1.51 per share which beat the analyst consensus estimate of $1.42 by 6.34 percent. This is a 26.89 percent increase over earnings of $1.19 per share from the same period last year. The company reported quarterly sales of $403.07 million which missed the analyst consensus estimate of $403.60 million by 0.13 percent. This is a 5.87 percent decrease over sales of $428.19 million the same period last year.

Materion Q3 Adj. EPS $1.51 Beats $1.42 Estimate, Sales $403.07M Miss $403.60M Estimate

Accelerated Research and Development to Advance Innovation for Critical Solutions for Defense, Energy and Aerospace Markets
Materion Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>), a global leader in advanced materials solutions, has been awarded a $5 million contract from the United States Air Force Research Laboratory (US-AFRL) to expand its ongoing research and development of additive manufacturing, also known as 3D printing, for beryllium and aluminum-beryllium alloys. Expanding additive manufacturing capabilities for these specialized materials would enable significant advantages in the production and performance of optics structures, guidance systems, and thermal management applications used in defense and aerospace markets.
Additive manufacturing provides greater precision and efficiency in the production of lighter weight, complex components that could not be made via traditional processes. Combining these production benefits with the unique property attributes of beryllium would enable design optimization and increased equipment capabilities of optical systems as well as space-based connectivity and mobility technologies.
"Our additive manufacturing laboratory has demonstrated the viability of beryllium additive manufacturing, and we look forward to working with the US-AFRL to advance into a new phase of our research and development efforts," said Clive Grannum, President, Materion Performance Materials. "With our long history innovating beryllium solutions, we have the expertise to operationalize these specialized manufacturing techniques for existing and new customers who need more complex components for their next-generation applications."
The two-year US-AFRL contract will support the labor, material, and operating costs to develop processes for multiple deposition technologies in a safe and expandable environment as well as related support technologies for pre- and post- processing of powder and material inputs and structures and components.

Contracts

Materion Awarded $5M Contract From The Air Force Research Laboratory For Groundbreaking Beryllium Additive Manufacturing Project

U.S. stocks settled higher on Friday, following the release of jobs data. The S&amp;P 500 closed the week higher by around 0.48%, snapping <a href="https://www.benzinga.com/markets/equities/23/10/35143020/s-p-500-nasdaq-set-for-bleak-start-to-week-as-middle-east-tensions-dampen-risk-on-mood-earnings-">a four-week losing streak</a>.
However, the Dow Jones closed down 0.30% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#39;s <a href="https://www.benzinga.com/money/setting-up-a-trust/">opinion to trust</a>.
Benzinga&#39;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. One of the ways traders can sort through Benzinga&#39;s extensive database of analyst ratings is by analyst accuracy. Here&#39;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings"> Analyst Stock </a> Ratings.
Analyst: Leo Mariani
<ul>
<li>Analyst Firm: Roth MKM</li>
<li>Ratings Accuracy: 90%</li>
<li>Latest Rating: Reiterated a Buy rating on Pioneer Natural Resources Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pxd#NYSE">PXD</a>) with a price target of $245 on Oct. 6, 2023. This analyst sees around 2% upside in the stock.</li>
<li>Recent News: According to reports, Exxon Mobil (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) is in advanced talks to acquire Pioneer Natural Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pxd#NYSE">PXD</a>) in a deal that would value the Permian shale basin producer at $60 billion.</li>
</ul>
Analyst: Brandon Couillard
<ul>
<li>Analyst Firm: Jefferies</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Downgraded rating on SomaLogic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slgc#NASDAQ">SLGC</a>) from Buy to Hold and cut the price target from $3.5 to $2.3 on Oct. 5, 2023. This analyst sees around 6% upside in the stock.</li>
<li>Recent News: SomaLogic will combine with Standard BioTools in an all-stock merger.</li>
</ul>
Analyst: Eric Wold
<ul>
<li>Analyst Firm: B. Riley Securities</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Neutral rating AMC Entertainment Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) and slashed the price target from $45 to $15 on Oct. 3, 2023. This analyst sees around 61% upside in the stock.</li>
<li>Recent News: AMC Entertainment announced the Taylor Swift Eras Tour concert film has crossed $100 million in ticket sales.</li>
</ul>
Analyst: Philip Gibbs
<ul>
<li>Analyst Firm: Keybanc</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained an Overweight rating on Materion Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtrn#NYSE">MTRN</a>) and lowered the price target from $133 to $128 on Oct. 6, 2023. This analyst sees more than 31% upside in the stock.</li>
<li>Recent News: Materion posted weaker-than-expected results for the second quarter.</li>
</ul>
Analyst: Justin Post
<ul>
<li>Analyst Firm: B of A Securities</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Maintained a Buy rating on Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) and increased price target from $142 to $146 on Oct. 4, 2023. This analyst sees around 6% upside in the stock.</li>
<li>Recent News: Alphabet&rsquo;s Google announced &quot;Assistant with Bard,&quot; a new generative AI-powered personal assistant, at the Made by Google 2023 event on Oct. 4.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/10/35125446/kirklands-and-2-other-stocks-under-3-insiders-are-buying"> Kirkland&#39;s And 2 Other Stocks Under $3 Insiders Are Buying</a>

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An Analyst With 83% Accuracy Rate Expects 6% Upside In Alphabet — Here Are 5 Stock Picks From Wall Street's Most Accurate Analysts

SA, DNMR and TSE are  among pre market gainers

In a report released today, Philip Gibbs from KeyBanc maintained a Buy rating on Materion (MTRN – Research Report), with a price target of $156.00....

KeyBanc Reaffirms Their Buy Rating on Materion (MTRN)

Commodity Roundup: Gold hits record high; oil rigs rise by six in the first quarter

These Basic Materials stocks are trading higher:-Hycroft Mining Holding Corporation (HYMC) stock is trading at $2.67, a gain of $0.46, or 20.01%, on high volume.  Hycroft Mining Holding Corporation gets a Sentiment Score of Bearish from InvestorsObserver.  -Universal Stainless and Alloy Products Inc (USAP) stock is trading

Basic Materials Stocks Making Moves Monday: HYMC, USAP, AUST, CDE, AYASF, HLP, MTRN, AREC

Warning: MTRN is at high risk of performing badly

Notable earnings before Wednesday's open

Materion Q1 2024 Earnings Preview

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Materion (NYSE:<a href="https://investorplace.com/stock-quotes/mtrn-stock-quote/">MTRN</a>) just reported results for the first quarter of 2024.<ul><li>Materion reported earnings per share of 96 cents. This met the analyst estimate for EPS of 96 cents.</li><li>The company reported revenue of $385.29 million.</li><li>This was 0.40% worse than the analyst estimate for revenue of $386.84 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/mtrn-stock-earnings-materion-for-q1-of-2024/">MTRN Stock Earnings: Materion Meets EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Materion Stock (NYSE:MTRN), Short Interest Report

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