Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Lockheed Martin Corp (LMT) and Valmont (VMI).
Lockheed Martin Corp (LMT)
Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Lockheed Martin Corp today and set a price target of $360. The company’s shares closed yesterday at $333.10, close to its 52-week high of $351.35.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 15.0% and a 72.9% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
Lockheed Martin Corp has an analyst consensus of Moderate Buy, with a price target consensus of $340.33, a 2.2% upside from current levels. In a report released yesterday, Vertical Research also maintained a Buy rating on the stock with a $380 price target.
See today’s analyst top recommended stocks >>
Valmont (VMI)
In a report released today, Ryan Connors from Boenning & Scattergood maintained a Hold rating on Valmont. The company’s shares closed yesterday at $131.26.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 11.2% and a 70.1% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
Currently, the analyst consensus on Valmont is a Hold with an average price target of $135.
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