There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Parker Hannifin (NYSE:PH) and WABCO Holdings (NYSE:WBC) with bullish sentiments.
Parker Hannifin (PH)
Stifel Nicolaus analyst Nathan Jones maintained a Buy rating on Parker Hannifin today and set a price target of $212. The company’s shares closed on Friday at $190.58.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 10.0% and a 64.9% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Illinois Tool Works, and Flowserve Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Parker Hannifin with a $186.92 average price target.
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WABCO Holdings (WBC)
In a report released today, Michael Baudendistel from Stifel Nicolaus maintained a Buy rating on WABCO Holdings, with a price target of $152. The company’s shares closed on Friday at $120.35.
According to TipRanks.com, Baudendistel is a 3-star analyst with an average return of 3.7% and a 61.0% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Wabash National Corp, and Freightcar America.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WABCO Holdings with a $139.50 average price target, representing a 15.9% upside. In a report issued on September 13, Morgan Stanley also maintained a Buy rating on the stock with a $135 price target.
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