Analysts have been eager to weigh in on the Conglomerates sector with new ratings on AO Smith Corp (NYSE:AOS) and Adient plc (NYSE:ADNT).
AO Smith Corp (AOS)
In a report issued on July 16, Michael Halloran from Robert W. Baird reiterated a Buy rating on AO Smith Corp, with a price target of $66. The company’s shares closed yesterday at $60.06.
According to TipRanks.com, Halloran is a 4-star analyst with an average return of 12.2% and a 72.7% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Generac Holdings.
AO Smith Corp has an analyst consensus of Moderate Buy, with a price target consensus of $70.50.
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Adient plc (ADNT)
In a report issued on July 17, David Leiker from Robert W. Baird reiterated a Sell rating on Adient plc, with a price target of $52. The company’s shares closed yesterday at $48.48, close to its 52-week low of $47.03.
According to TipRanks.com, Leiker is a 5-star analyst with an average return of 13.4% and a 66.5% success rate. Leiker covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, BorgWarner, and Littelfuse.
Currently, the analyst consensus on Adient plc is a Hold with an average price target of $55.89.
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