Analysts have been eager to weigh in on the Conglomerates sector with new ratings on TechnipFMC (FTI), Siemens AG (SIEGY) and Cargotec (CYJBF).
TechnipFMC (FTI)
In a report issued on April 28, Bertrand Hodee from Kepler Capital maintained a Hold rating on TechnipFMC, with a price target of EUR6.80. The company’s shares closed last Thursday at $7.65.
According to TipRanks.com, Hodee is ranked #2747 out of 7489 analysts.
Currently, the analyst consensus on TechnipFMC is a Moderate Buy with an average price target of $10.13, a 29.0% upside from current levels. In a report issued on April 16, Morgan Stanley also maintained a Hold rating on the stock with a $8.50 price target.
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Siemens AG (SIEGY)
Kepler Capital analyst Oliver Reinberg maintained a Buy rating on Siemens AG on April 28 and set a price target of EUR145.00. The company’s shares closed last Thursday at $84.91, close to its 52-week high of $87.56.
According to TipRanks.com, Reinberg ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.7% and a 43.6% success rate. Reinberg covers the Healthcare sector, focusing on stocks such as Fresenius Medical Care, Koninklijke Philips, and Qiagen.
Siemens AG has an analyst consensus of Moderate Buy, with a price target consensus of $176.12.
Cargotec (CYJBF)
Kepler Capital analyst Johan Eliason maintained a Buy rating on Cargotec on April 28 and set a price target of EUR54.00. The company’s shares closed last Thursday at $48.55, close to its 52-week high of $49.85.
Eliason has an average return of 57.7% when recommending Cargotec.
According to TipRanks.com, Eliason is ranked #2641 out of 7489 analysts.
Currently, the analyst consensus on Cargotec is a Moderate Buy with an average price target of $60.73.
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