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Investing.com - KeyBanc Capital Markets downgraded Materion Corp. (NYSE:MTRN) from Overweight to Sector Weight, removing its previous $117 price target. The stock has taken a significant hit, falling 12.02% over the past week to $116.12 from its previous close of $133.89.
The investment firm made the rating change following Materion’s third-quarter 2025 results and its analysis of the company’s outlook for 2025-2026. Despite the downgrade, InvestingPro data shows the company maintains a "GOOD" overall financial health score.
KeyBanc noted that while its earnings per share estimates for Materion remain relatively unchanged for 2025-2026, uncertainty regarding PMI’s 2026 clad demand and potential procurement risks from Chinese customers create a balanced risk profile. The company’s current P/E ratio of 162.42 suggests a high earnings multiple, potentially supporting KeyBanc’s more cautious stance.
The downgrade comes despite KeyBanc’s acknowledgment of "encouraging" business wins for Materion in several growth markets.
Since KeyBanc’s previous upgrade of Materion on July 17, the stock has increased 31%, outperforming the S&P 500’s 9% gain during the same period.
In other recent news, Materion Corporation reported its third-quarter 2025 earnings, demonstrating resilience amid operational challenges. The company posted earnings per share (EPS) of $1.41, slightly surpassing the anticipated $1.40. Additionally, Materion’s revenue reached $444.8 million, exceeding the forecast of $442.62 million. Despite these positive financial results, the company’s stock experienced a decline in premarket trading, attributed to investor concerns over operational difficulties and broader market uncertainties. Analysts have noted these concerns but have not made any changes to their ratings for the company. These developments highlight the ongoing challenges and achievements Materion faces as it navigates the current economic landscape.
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