Why did BofA Securities upgrade Avient (AVNT) to Neutral from Underperform?

BofA Securities upgraded Avient Corporation (AVNT) to Neutral from Underperform due to positive cycle indications, specifically citing a substantial backlog and stabilized inventory, which signal improving industry conditions; the firm also raised its price target to $96 from $66 and increased its fiscal 2027 earnings projection for Avient, following the company's strong third-quarter fiscal 2026 earnings that exceeded both revenue and EPS projections.

What financial and operational metrics prompted BofA’s upgrade of Avient?

BofA’s upgrade was prompted by observable improvements in Avient’s operational and financial indicators — namely a substantial backlog and stabilized inventory — which the firm interpreted as evidence of strengthening industry conditions; additionally, Avient’s third-quarter fiscal 2026 earnings performance, which surpassed both revenue and EPS expectations, directly supported the decision to raise the price target to $96 from $66 and revise upward its fiscal 2027 earnings projection.

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BofA Upgrades Avient (AVNT) on Improving Industry Conditions

Jun 3, 2026

BofA Securities upgraded Avient to Neutral from Underperform, raising its price target to $96 amid improving industry conditions and Q3 earnings that beat revenue and EPS projections.

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