Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Mettler-Toledo (NYSE:MTD) and AO Smith Corp (NYSE:AOS).
Mettler-Toledo (MTD)
In a report released today, Steve Beuchaw from Morgan Stanley maintained a Hold rating on Mettler-Toledo, with a price target of $572. The company’s shares closed yesterday at $590.91.
According to TipRanks.com, Beuchaw is a 4-star analyst with an average return of 12.6% and a 64.6% success rate. Beuchaw covers the Healthcare sector, focusing on stocks such as DENTSPLY SIRONA Inc, Myriad Genetics, and NanoString Tech.
The word on The Street in general, suggests a Hold analyst consensus rating for Mettler-Toledo with a $625 average price target, a 5.8% upside from current levels. In a report released yesterday, UBS also initiated coverage with a Hold rating on the stock with a $625 price target.
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AO Smith Corp (AOS)
In a report released today, Michael Halloran from Robert W. Baird maintained a Buy rating on AO Smith Corp, with a price target of $58. The company’s shares closed yesterday at $49.86, close to its 52-week low of $49.80.
According to TipRanks.com, Halloran is a 5-star analyst with an average return of 11.7% and a 75.7% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Advanced Drainage Systems, and Emerson Electric Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AO Smith Corp with a $67.40 average price target.
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