Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Albemarle (ALB), Flowserve (FLS) and Domtar (UFS).
Albemarle (ALB)
In a report released today, Arun Viswanathan from RBC Capital maintained a Hold rating on Albemarle, with a price target of $66.00. The company’s shares closed last Monday at $63.96.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 4.2% and a 53.9% 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 Albemarle is a Hold with an average price target of $74.13, representing a 17.4% upside. In a report issued on May 8, Robert W. Baird also maintained a Hold rating on the stock with a $62.00 price target.
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Flowserve (FLS)
In a report released today, John Walsh from Credit Suisse maintained a Buy rating on Flowserve, with a price target of $30.00. The company’s shares closed last Monday at $24.76, close to its 52-week low of $18.98.
According to TipRanks.com, Walsh is a 3-star analyst with an average return of 2.2% and a 51.2% success rate. Walsh covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Honeywell International, and Raytheon Technologies.
Currently, the analyst consensus on Flowserve is a Moderate Buy with an average price target of $31.00.
Domtar (UFS)
RBC Capital analyst Paul Quinn maintained a Buy rating on Domtar today and set a price target of $30.00. The company’s shares closed last Monday at $22.17, close to its 52-week low of $18.40.
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 7.1% and a 60.7% success rate. Quinn covers the Industrial Goods sector, focusing on stocks such as Rayonier Advanced Materials, International Paper Co, and Mercer International.
Currently, the analyst consensus on Domtar is a Hold with an average price target of $26.33.
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