Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Xylem (XYL), Caterpillar (CAT) and Generac Holdings (GNRC).
Xylem (XYL)
In a report released today, Ryan Connors from Boenning & Scattergood maintained a Buy rating on Xylem, with a price target of $92. The company’s shares opened today at $79.54.
Connors said:
“We maintain our Outperform rating for XYL, with our $90 target (down from $92) reflecting a forward P/E of 24.5x times, in-line with the water infrastructure peer group average.”
According to TipRanks.com, Connors is a 4-star analyst with an average return of 10.6% and a 68.5% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xylem with a $78.71 average price target, which is a -1.0% downside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock.
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Caterpillar (CAT)
Oppenheimer analyst Noah Kaye assigned a Hold rating to Caterpillar today. The company’s shares opened today at $135.17.
According to TipRanks.com, Kaye is a 5-star analyst with an average return of 8.6% and a 59.4% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, BorgWarner, and Cummins.
Currently, the analyst consensus on Caterpillar is a Moderate Buy with an average price target of $150.30, an 11.2% upside from current levels. In a report issued on April 25, RBC Capital also maintained a Hold rating on the stock with a $146 price target.
Generac Holdings (GNRC)
Oppenheimer analyst Christopher Glynn assigned a Hold rating to Generac Holdings today. The company’s shares opened today at $57.50.
According to TipRanks.com, Glynn is a 4-star analyst with an average return of 6.2% and a 57.8% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
Generac Holdings has an analyst consensus of Hold, with a price target consensus of $62.
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