There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on BorgWarner (BWA) and Littelfuse (LFUS) with bullish sentiments.
BorgWarner (BWA)
In a report released yesterday, Noah Kaye from Oppenheimer maintained a Buy rating on BorgWarner. The company’s shares closed yesterday at $39.77.
According to TipRanks.com, Kaye is a 5-star analyst with an average return of 8.7% and a 59.4% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and Twin Disc.
Currently, the analyst consensus on BorgWarner is a Moderate Buy with an average price target of $45.67, which is a 14.8% upside from current levels. In a report issued on April 26, RBC Capital also maintained a Buy rating on the stock with a $46 price target.
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Littelfuse (LFUS)
In a report released yesterday, Christopher Glynn from Oppenheimer maintained a Buy rating on Littelfuse. The company’s shares closed yesterday at $184.15.
According to TipRanks.com, Glynn is a 4-star analyst with an average return of 6.1% and a 57.8% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Roper Technologies, and Eaton Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Littelfuse with a $200 average price target.
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