Analysts have been eager to weigh in on the Conglomerates sector with new ratings on JELD-WEN Inc (NYSE:JELD) and Magna International (NYSE:MGA).
JELD-WEN Inc (JELD)
In a report released today, Scott Schrier from Citigroup maintained a Hold rating on JELD-WEN Inc, with a price target of $27. The company’s shares closed yesterday at $23.71, close to its 52-week low of $23.44.
According to TipRanks.com, Schrier is ranked #1910 out of 4850 analysts.
JELD-WEN Inc has an analyst consensus of Hold, with a price target consensus of $31.14, representing a 31.3% upside. In a report issued on August 7, Wells Fargo also maintained a Hold rating on the stock.
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Magna International (MGA)
Citigroup analyst Itay Michaeli maintained a Buy rating on Magna International today and set a price target of $69. The company’s shares closed yesterday at $54.39.
Michaeli has an average return of 10.7% when recommending Magna International.
According to TipRanks.com, Michaeli is ranked #1010 out of 4850 analysts.
Currently, the analyst consensus on Magna International is a Moderate Buy with an average price target of $72.86, a 34.0% upside from current levels. In a report released yesterday, Scotiabank also reiterated a Buy rating on the stock with a $80 price target.
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