There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on ABB (ABB) and Kvaerner ASA (KVAEF) with bullish sentiments.
ABB (ABB)
Kepler Capital analyst Marcus Almerud maintained a Buy rating on ABB on October 6 and set a price target of CHF25.00. The company’s shares closed last Wednesday at $26.30, close to its 52-week high of $26.66.
According to TipRanks.com, Almerud is a 3-star analyst with an average return of 1.9% and a 47.4% success rate. Almerud covers the Industrial Goods sector, focusing on stocks such as Siemens AG, Sulzer AG, and Cargotec.
ABB has an analyst consensus of Hold, with a price target consensus of $24.70, implying a -5.8% downside from current levels. In a report issued on September 22, CFRA also maintained a Buy rating on the stock with a $28.00 price target.
See today’s analyst top recommended stocks >>
Kvaerner ASA (KVAEF)
Kepler Capital analyst Kevin Roger maintained a Buy rating on Kvaerner ASA on October 6 and set a price target of NOK12.00. The company’s shares closed last Monday at $1.12, close to its 52-week high of $1.13.
According to TipRanks.com, Roger is a 3-star analyst with an average return of 4.1% and a 44.1% success rate. Roger covers the Industrial Goods sector, focusing on stocks such as Shelf Drilling, Borr Drilling, and BW Offshore.
Currently, the analyst consensus on Kvaerner ASA is a Moderate Buy with an average price target of $1.28.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
