Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Avantor Inc (AVTR) and Lear Corp (LEA).
Avantor Inc (AVTR)
Barclays analyst Jack Meehan maintained a Buy rating on Avantor Inc on July 15 and set a price target of $22. The company’s shares closed yesterday at $17.
According to TipRanks.com, Meehan is a 4-star analyst with an average return of 6.9% and a 61.5% success rate. Meehan covers the Healthcare sector, focusing on stocks such as Bio-Rad Laboratories, PRA Health Sciences, and IQVIA Holdings Inc.
Avantor Inc has an analyst consensus of Strong Buy, with a price target consensus of $20.62.
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Lear Corp (LEA)
Barclays analyst Brian Johnson maintained a Hold rating on Lear Corp yesterday and set a price target of $131. The company’s shares closed yesterday at $127.17, close to its 52-week low of $114.45.
According to TipRanks.com, Johnson is a 1-star analyst with an average return of -0.9% and a 48.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Visteon Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lear Corp with a $154.56 average price target, a 21.5% upside from current levels. In a report released yesterday, RBC Capital also downgraded the stock to Hold with a $135 price target.
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