There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Stoneridge (SRI) and Ceco Environmental (CECE) with bullish sentiments.
Stoneridge (SRI)
Barrington analyst Gary Prestopino maintained a Buy rating on Stoneridge today and set a price target of $35. The company’s shares opened today at $28.03.
Prestopino said:
“We have an OUTPERFORM investment rating on the shares with a $35 price target.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.9% and a 44.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
Currently, the analyst consensus on Stoneridge is a Strong Buy with an average price target of $32.75.
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Ceco Environmental (CECE)
Maxim Group analyst Tate Sullivan maintained a Buy rating on Ceco Environmental today and set a price target of $10. The company’s shares opened today at $7.57.
Sullivan said:
“After meeting with management last week, we maintain our Buy rating on CECE shares based on its leading market share of the global refinery “cyclone” business and exposure to multiple other industrial end markets that can grow at different times.”
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 10.4% and a 87.5% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.
Ceco Environmental has an analyst consensus of Strong Buy, with a price target consensus of $9.50, implying a 25.5% upside from current levels. In a report issued on February 12, B.Riley FBR also initiated coverage with a Buy rating on the stock with a $9.50 price target.
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