Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Ingersoll Rand (IR) and Garrett Motion (GTX).
Ingersoll Rand (IR)
In a report released yesterday, Julian Mitchell from Barclays maintained a Buy rating on Ingersoll Rand, with a price target of $32.00. The company’s shares closed last Tuesday at $27.46.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 6.0% and a 60.6% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Raytheon Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ingersoll Rand with a $31.83 average price target.
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Garrett Motion (GTX)
Barclays analyst Brian Johnson maintained a Hold rating on Garrett Motion yesterday and set a price target of $5.00. The company’s shares closed last Tuesday at $5.07, close to its 52-week low of $2.50.
According to TipRanks.com, Johnson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.2% and a 44.0% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, Delphi Technologies, and Otis Worldwide.
Garrett Motion has an analyst consensus of Moderate Sell, with a price target consensus of $4.50, which is a -20.8% downside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $6.50 price target.
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