There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Deere (DE) and American Woodmark Corp (AMWD) with bullish sentiments.
Deere (DE)
In a report released today, Ross Gilardi from Merrill Lynch maintained a Buy rating on Deere, with a price target of $175. The company’s shares closed last Monday at $152.29.
According to TipRanks.com, Gilardi is a 1-star analyst with an average return of -1.3% and a 44.4% success rate. Gilardi covers the Industrial Goods sector, focusing on stocks such as Generac Holdings, Timken Company, and Kennametal.
Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $168.20, implying an 12.0% upside from current levels. In a report issued on August 13, Robert W. Baird also maintained a Buy rating on the stock with a $150 price target.
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American Woodmark Corp (AMWD)
Sidoti analyst Julio Romero maintained a Buy rating on American Woodmark Corp today and set a price target of $92. The company’s shares closed last Monday at $77.04.
According to TipRanks.com, Romero is a 2-star analyst with an average return of 5.0% and a 50.0% success rate. Romero covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co Inc, Encore Wire, and Quanex.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Woodmark Corp with a $92 average price target.
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