There’s a lot to be optimistic about in the Conglomerates sector as 1 analysts just weighed in on and Colfax (CFX) with bullish sentiments.
Colfax (CFX)
In a report issued on November 16, Stephen Tusa from J.P. Morgan maintained a Buy rating on Colfax, with a price target of $52.00. The company’s shares closed last Monday at $36.73, close to its 52-week high of $39.30.
According to TipRanks.com, Tusa is a 5-star analyst with an average return of 12.1% and a 70.8% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Rockwell Automation.
Colfax has an analyst consensus of Moderate Buy, with a price target consensus of $38.63, which is a 7.5% upside from current levels. In a report issued on November 9, UBS also upgraded the stock to Buy with a $40.00 price target.
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