Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Kennametal (NYSE: KMT) and Arvinmeritor (NYSE: MTOR).
Kennametal (NYSE: KMT)
Stifel Nicolaus analyst Stanley Elliott maintained a Hold rating on Kennametal (NYSE: KMT) today and set a price target of $45. The company’s shares closed yesterday at $36.85.
According to TipRanks.com, Elliott is a 5-star analyst with an average return of 16.4% and a 68.4% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Astec Industries, and Generac Holdings.
Currently, the analyst consensus on Kennametal is Moderate Buy and the average price target is $48.57, representing a 31.8% upside.
In a report released yesterday, Barclays also maintained a Hold rating on the stock with a $43 price target.
See today’s analyst top recommended stocks >>
Arvinmeritor (NYSE: MTOR)
Stifel Nicolaus analyst Michael Baudendistel maintained a Buy rating on Arvinmeritor (NYSE: MTOR) today and set a price target of $27. The company’s shares closed yesterday at $19.70.
According to TipRanks.com, Baudendistel is a 1-star analyst with an average return of -0.6% and a 47.0% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Wabash National Corp, and Trinity Industries.
Arvinmeritor has an analyst consensus of Strong Buy, with a price target consensus of $28.75.
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