Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Lear Corp (NYSE: LEA) and Dover Corp (NYSE: DOV).
Lear Corp (NYSE: LEA)
In a report released today, Itay Michaeli from Citigroup maintained a Buy rating on Lear Corp (NYSE: LEA), with a price target of $243. The company’s shares closed on Friday at $188.21.
According to TipRanks.com, Michaeli is a 4-star analyst with an average return of 9.2% and a 60.2% success rate. Michaeli covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Autoliv.
Currently, the analyst consensus on Lear Corp is Moderate Buy and the average price target is $215.14, representing a 14.3% upside.
In a report issued on April 17, Robert W. Baird also reiterated a Buy rating on the stock with a $218 price target.
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Dover Corp (NYSE: DOV)
In a report released today, Nathan Jones from Stifel Nicolaus maintained a Hold rating on Dover Corp (NYSE: DOV), with a price target of $104. The company’s shares closed on Friday at $95.34.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 6.0% and a 56.3% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Lincoln Electric Holdings, and Watts Water Technologies.
Currently, the analyst consensus on Dover Corp is Moderate Buy and the average price target is $107.71, representing a 13.0% upside.
In a report issued on April 18, SunTrust Robinson also reiterated a Hold rating on the stock with a $105 price target.
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