Avient (AVNT) Earns Bullish KeyBanc Coverage on New Growth Strategy

Avient Corporation (NYSE:AVNT) ranks among the best specialty chemicals stocks to invest in. On September 17, KeyBanc began coverage of Avient Corporation (NYSE:AVNT) with a price target of $48 and an Overweight rating. The firm stated that, under the direction of its newly appointed CEO Ashish Khandpur, Avient has been implementing a new organic growth plan.

According to KeyBanc analyst Aleksey Yefremov, Avient Corporation (NYSE:AVNT) intends to increase cross-selling prospects while focusing more on high-growth select platforms and markets.

As part of its strategic ambitions, the company is also attempting to integrate innovations and expertise from several segments. KeyBanc emphasized that in order to facilitate the launch of this expansion strategy, Avient Corporation (NYSE:AVNT) has made a number of important hires and put in place a new incentive program.

Avient Corporation (NYSE:AVNT) is a specialty polymer materials manufacturer based in Avon Lake, Ohio. Its offerings include thermoplastic compounds, plastic colorants, and additives, among others.

While we acknowledge the potential of AVNT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVNT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.