Avient Corp's stock surged 5.02% during intraday trading on Friday, following a series of positive analyst actions.

The move comes after several Wall Street firms raised their price targets for the specialty materials company. Baird increased its target to $46 from $34, while Jefferies lifted its target to $52 from $44. Morgan Stanley also raised its price objective to $45 from $41, and Keybanc maintained its Overweight rating on the stock.

These upward revisions from multiple analysts suggest growing optimism about Avient's future financial performance and business prospects, which appears to have driven investor confidence and buying activity in the session.