There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Raytheon (RTN) and Dow Inc (DOW) with bullish sentiments.
Raytheon (RTN)
Credit Suisse analyst Robert Spingarn maintained a Buy rating on Raytheon today and set a price target of $235.00. The company’s shares closed last Monday at $213.19, close to its 52-week high of $214.06.
According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 16.4% and a 68.4% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies Inc, Transdigm Group Inc, and Huntington Ingalls.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Raytheon with a $224.17 average price target, which is a 5.5% upside from current levels. In a report released yesterday, Cowen & Co. also assigned a Buy rating to the stock with a $225.00 price target.
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Dow Inc (DOW)
In a report released today, Chris Parkinson from Credit Suisse maintained a Buy rating on Dow Inc, with a price target of $54.00. The company’s shares closed last Monday at $49.66.
According to TipRanks.com, Parkinson is a 2-star analyst with an average return of 0.4% and a 55.5% success rate. Parkinson covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Ecolab Inc, and FMC Corp.
Currently, the analyst consensus on Dow Inc is a Moderate Buy with an average price target of $54.75, a 10.0% upside from current levels. In a report issued on October 21, Alembic Global also reiterated a Buy rating on the stock with a $65.00 price target.
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