Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Dover Corp (DOV), Textron Inc (TXT) and Watsco Inc (WSO).
Dover Corp (DOV)
Robert W. Baird analyst Mircea Dobre maintained a Hold rating on Dover Corp today and set a price target of $110.00. The company’s shares closed last Monday at $101.66, close to its 52-week high of $104.44.
According to TipRanks.com, Dobre is a 3-star analyst with an average return of 1.7% and a 49.6% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Rexnord Corporation, Eaton Corporation, and Manitowoc Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dover Corp with a $109.25 average price target, a 7.6% upside from current levels. In a report released today, RBC Capital also maintained a Hold rating on the stock with a $96.00 price target.
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Textron Inc (TXT)
Robert W. Baird analyst Peter Arment maintained a Buy rating on Textron Inc today and set a price target of $58.00. The company’s shares closed last Monday at $47.02.
According to TipRanks.com, Arment is a 5-star analyst with an average return of 14.4% and a 68.5% success rate. Arment covers the Consumer Goods sector, focusing on stocks such as Kratos Defense, HEICO Corp, and Boeing.
Currently, the analyst consensus on Textron Inc is a Moderate Buy with an average price target of $57.40, which is a 20.2% upside from current levels. In a report released today, Cowen & Co. also assigned a Buy rating to the stock with a $60.00 price target.
Watsco Inc (WSO)
Robert W. Baird analyst David Manthey maintained a Hold rating on Watsco Inc today and set a price target of $175.00. The company’s shares closed last Monday at $173.13, close to its 52-week high of $176.64.
According to TipRanks.com, Manthey is a 5-star analyst with an average return of 10.5% and a 69.7% success rate. Manthey covers the Services sector, focusing on stocks such as Wesco International, HD Supply Holdings, and Fastenal Company.
Watsco Inc has an analyst consensus of Hold, with a price target consensus of $175.00.
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