Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Celanese (CE) and Fortune Brands (FBHS).
Celanese (CE)
Barclays analyst Duffy Fischer maintained a Buy rating on Celanese yesterday and set a price target of $110.00. The company’s shares closed last Thursday at $97.59.
According to TipRanks.com, Fischer is a 4-star analyst with an average return of 9.0% and a 52.5% success rate. Fischer covers the Industrial Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and ICL-Israel Chemicals.
Currently, the analyst consensus on Celanese is a Moderate Buy with an average price target of $107.27, representing a 9.8% upside. In a report issued on July 15, Citigroup also maintained a Buy rating on the stock with a $102.00 price target.
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Fortune Brands (FBHS)
Barclays analyst Matthew Bouley maintained a Sell rating on Fortune Brands yesterday and set a price target of $68.00. The company’s shares closed last Thursday at $76.99, close to its 52-week high of $78.25.
According to TipRanks.com, Bouley is a 5-star analyst with an average return of 12.8% and a 59.9% success rate. Bouley covers the Consumer Goods sector, focusing on stocks such as Mohawk Industries, Skyline Champion, and Taylor Morrison.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortune Brands with a $76.20 average price target.
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