Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Dow (DOW), Veoneer (VNE) and Magna International (MGA).
Dow (DOW)
In a report issued on July 23, Arun Viswanathan from RBC Capital maintained a Hold rating on Dow, with a price target of $40.00. The company’s shares closed last Friday at $42.61.
According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 6.4% and a 59.9% success rate. Viswanathan covers the Industrial Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and GrafTech International.
Currently, the analyst consensus on Dow is a Hold with an average price target of $42.36, representing a -1.1% downside. In a report issued on July 9, UBS also maintained a Hold rating on the stock with a $39.00 price target.
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Veoneer (VNE)
RBC Capital analyst Joseph Spak maintained a Hold rating on Veoneer on July 24 and set a price target of $11.00. The company’s shares closed last Friday at $11.19.
According to TipRanks.com, Spak has 0 stars on 0-5 stars ranking scale with an average return of -8.6% and a 49.4% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Delphi Technologies, Tenneco Automotive, and Garrett Motion.
The word on The Street in general, suggests a Hold analyst consensus rating for Veoneer with a $11.71 average price target, which is a -5.6% downside from current levels. In a report issued on July 9, Kepler Capital also maintained a Hold rating on the stock with a $11.00 price target.
Magna International (MGA)
RBC Capital analyst Steve Arthur maintained a Buy rating on Magna International on July 24 and set a price target of $56.00. The company’s shares closed last Friday at $47.75.
Arthur has an average return of 16.9% when recommending Magna International.
According to TipRanks.com, Arthur is ranked #1229 out of 6802 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magna International with a $50.44 average price target, representing a 5.0% upside. In a report issued on July 22, J.P. Morgan also maintained a Buy rating on the stock with a $55.00 price target.
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