Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Xylem (NYSE: XYL), Cummins (NYSE: CMI) and Eaton Corporation (NYSE: ETN).
Xylem (NYSE: XYL)
Oppenheimer analyst Jim Giannakouros assigned a Buy rating to Xylem (NYSE: XYL) today. The company’s shares opened today at $72.09.
According to TipRanks.com, Giannakouros is a 3-star analyst with an average return of 4.5% and a 48.2% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.
Currently, the analyst consensus on Xylem is Strong Buy and the average price target is $82.75, representing a 14.8% upside.
In a report released today, Boenning & Scattergood also maintained a Buy rating on the stock with a $90 price target.
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Cummins (NYSE: CMI)
In a report released today, Noah Kaye from Oppenheimer assigned a Buy rating to Cummins (NYSE: CMI). The company’s shares opened today at $153.94, close to its 52-week low of $149.10.
According to TipRanks.com, Kaye is ranked #1369 out of 4772 analysts.
Cummins has an analyst consensus of Hold, with a price target consensus of $179.78.
Eaton Corporation (NYSE: ETN)
In a report released today, Christopher Glynn from Oppenheimer assigned a Hold rating to Eaton Corporation (NYSE: ETN). The company’s shares opened today at $74.38.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 9.5% and a 61.9% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
Eaton Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $88.83.
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