Companies in the Services sector have received a lot of coverage today as analysts weigh in on Johnson Controls (NYSE:JCI) and WellCare Health Plans (NYSE:WCG).
Johnson Controls (JCI)
In a report released yesterday, Julian Mitchell from Barclays maintained a Hold rating on Johnson Controls, with a price target of $39. The company’s shares closed yesterday at $37.51.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 11.5% and a 72.1% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gates Industrial Corp Plc, Honeywell International, and Rockwell Automation Inc.
Currently, the analyst consensus on Johnson Controls is a Hold with an average price target of $37.20, a -0.8% downside from current levels. In a report released yesterday, Cowen & Co. also assigned a Hold rating to the stock with a $36 price target.
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WellCare Health Plans (WCG)
In a report released yesterday, Steven Valiquette from Barclays maintained a Buy rating on WellCare Health Plans, with a price target of $295. The company’s shares closed yesterday at $267.42, close to its 52-week high of $268.75.
According to TipRanks.com, Valiquette is a 4-star analyst with an average return of 8.9% and a 52.9% success rate. Valiquette covers the Services sector, focusing on stocks such as Molina Healthcare, Centene Corp, and Henry Schein.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for WellCare Health Plans with a $278.56 average price target, implying a 4.2% upside from current levels. In a report issued on July 24, Merrill Lynch also maintained a Buy rating on the stock with a $270 price target.
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