There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Textron Inc (NYSE:TXT) and Terex Corp (NYSE:TEX) with bullish sentiments.
Textron Inc (TXT)
Cowen & Co. analyst Cai Rumohr assigned a Buy rating to Textron Inc today and set a price target of $73. The company’s shares closed yesterday at $66.79, close to its 52-week high of $69.36.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 17.8% and a 75.0% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
Textron Inc has an analyst consensus of Strong Buy, with a price target consensus of $74.
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Terex Corp (TEX)
In a report released yesterday, Stephen Volkmann from Jefferies reiterated a Buy rating on Terex Corp, with a price target of $53. The company’s shares closed yesterday at $44.11.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 18.0% and a 68.8% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Parker Hannifin, and Oshkosh Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Terex Corp with a $44.17 average price target, representing a 0.1% upside. In a report issued on July 12, Seaport Global also reiterated a Buy rating on the stock with a $49 price target.
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