Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Raytheon (RTN), Allegion (ALLE) and Dow Inc (DOW).
Allegion (ALLE)
Credit Suisse analyst John Walsh maintained a Hold rating on Allegion today and set a price target of $114.00. The company’s shares closed last Monday at $115.65, close to its 52-week high of $115.98.
According to TipRanks.com, Walsh is a 4-star analyst with an average return of 15.1% and a 67.9% success rate. Walsh covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, General Electric, and Flowserve Corp.
Currently, the analyst consensus on Allegion is a Moderate Buy with an average price target of $110.00, implying a -3.6% downside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $105.00 price target.
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