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There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Magna International (NYSE: MGA) and UQM Technologies Inc (NYSE MKT: UQM) with bullish sentiments.
Magna International (NYSE: MGA)
In a report released today, Peter Sklar from BMO Capital upgraded Magna International (NYSE: MGA) to Buy. The company’s shares closed on Friday at $63.22, close to its 52-week high of $64.12.
Sklar has an average return of 62.8% when recommending Magna International.
According to TipRanks.com, Sklar is ranked #1049 out of 4801 analysts.
Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $65.50.
See today’s analyst top recommended stocks >>
UQM Technologies Inc (NYSE MKT: UQM)
H.C. Wainwright analyst Amit Dayal maintained a Buy rating on UQM Technologies Inc (NYSE MKT: UQM) today and set a price target of $1.50. The company’s shares closed on Friday at $1.12.
According to TipRanks.com, Dayal is a 1-star analyst with an average return of -1.1% and a 40.4% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pacific Ethanol, and Plug Power.
UQM Technologies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $1.50.
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