Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Deere (DE) and Allegion (ALLE).
Deere (DE)
Barclays analyst Adam Seiden maintained a Buy rating on Deere on February 19 and set a price target of $350.00. The company’s shares closed last Friday at $330.00, close to its 52-week high of $335.21.
According to TipRanks.com, Seiden is a 4-star analyst with an average return of 10.1% and a 54.3% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Jacobs Engineering, and Manitowoc Company.
Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $321.27, a 0.4% upside from current levels. In a report issued on February 19, Oppenheimer also assigned a Buy rating to the stock with a $331.00 price target.
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Allegion (ALLE)
Barclays analyst Julian Mitchell maintained a Sell rating on Allegion on February 19 and set a price target of $107.00. The company’s shares closed last Friday at $109.06.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 14.8% and a 71.4% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International.
The word on The Street in general, suggests a Hold analyst consensus rating for Allegion with a $115.50 average price target.
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