Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Ingersoll Rand (IR), TPI Composites (TPIC) and Kennametal (KMT).
Ingersoll Rand (IR)
In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Buy rating on Ingersoll Rand, with a price target of $44.00. The company’s shares closed last Wednesday at $38.26, close to its 52-week high of $38.99.
According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 7.0% and a 57.4% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Honeywell International, and Lennox International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ingersoll Rand with a $37.38 average price target.
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TPI Composites (TPIC)
In a report released today, Philip Shen from Roth Capital maintained a Buy rating on TPI Composites, with a price target of $40.00. The company’s shares closed last Wednesday at $33.84, close to its 52-week high of $36.59.
According to TipRanks.com, Shen is a 5-star analyst with an average return of 14.2% and a 45.5% success rate. Shen covers the Industrial Goods sector, focusing on stocks such as Sunnova Energy International, SolarEdge Technologies, and Generac Holdings.
Currently, the analyst consensus on TPI Composites is a Strong Buy with an average price target of $38.00, representing a 10.8% upside. In a report issued on October 21, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $40.00 price target.
Kennametal (KMT)
Morgan Stanley analyst Dillon Cumming maintained a Hold rating on Kennametal today and set a price target of $30.00. The company’s shares closed last Wednesday at $28.61.
Currently, the analyst consensus on Kennametal is a Hold with an average price target of $31.57, which is a 12.5% upside from current levels. In a report released yesterday, KeyBanc also downgraded the stock to Hold.
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