AdvanSix Initiates Coverage by Truist Securities with Hold Recommendation

Truist Securities initiates coverage of AdvanSix (ASIX) with a Hold recommendation. The average one-year price target is $21.42/share, a 16.16% increase from its latest closing price. Analysts project an annual non-GAAP EPS of 5.43. The firm reports a decrease in ownership by 18 institutions, with Victory Capital Management and Alliancebernstein increasing their portfolio allocations in ASIX.