BofA Upgrades Avient (AVNT) on Improving Industry Conditions

BofA Upgrades Avient (AVNT) on Improving Industry Conditions Sheryar Siddiq Wed, June 3, 2026 at 10:20 AM GMT+2 2 min read AVNT Avient Corporation (NYSE: AVNT ) ranks among the best technology growth stocks to buy under $100 . On May 13, BofA Securities boosted Avient Corporation (NYSE:AVNT) to Neutral from Underperform, lifting its price objective to $96 from $66. The firm noted a number of positive cycle indications, namely a substantial backlog, book-to-bill ratios greater than 1 in all regions, and lead time increases in over half of the tracked areas.

According to the firm, inventory has stabilized to 77 days, indicating that Avient Corporation (NYSE:AVNT) begins the upcycle with a healthier balance sheet than in previous cycles. In that regard, BofA Securities increased its fiscal 2027 earnings projection to $9. 06 per share from $8.

66. That said, BofA Securities stated that it remains wary of possible pull-forward effects on end demand in the latter half of 2026 and 2027, a weaker recovery in Farnell, operating margin gains constrained by the regional mix, and higher Street projections. Separately, on April 30, Avient Corporation (NYSE:AVNT) revealed strong third-quarter fiscal 2026 earnings, exceeding both revenue and EPS projections.

The company’s EPS of $1. 48 was 12. 98% higher than the projected $1.

31. Meanwhile, revenue came in at $7. 1 billion, 10.

94% more than the projected $6. 4 billion. Avient Corporation (NYSE:AVNT) provides materials solutions used across a wide range of industries.

Its portfolio includes colorants, advanced composites, functional additives, engineered materials, and Dyneema, its ultra-high-molecular-weight polyethylene product. While we acknowledge the potential of AVNT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .

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