There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Lear (LEA) and Timken Company (TKR) with bullish sentiments.
Lear (LEA)
In a report released today, David Kelley from Jefferies maintained a Buy rating on Lear, with a price target of $229.00. The company’s shares closed last Tuesday at $186.63, close to its 52-week high of $196.97.
According to TipRanks.com, Kelley is a 4-star analyst with an average return of 17.0% and a 67.6% success rate. Kelley covers the Industrial Goods sector, focusing on stocks such as BorgWarner, Littelfuse, and Visteon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lear with a $205.14 average price target, a 9.5% upside from current levels. In a report issued on May 7, RBC Capital also maintained a Buy rating on the stock with a $226.00 price target.
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Timken Company (TKR)
Jefferies analyst Stephen Volkmann maintained a Buy rating on Timken Company yesterday and set a price target of $110.00. The company’s shares closed last Tuesday at $89.80, close to its 52-week high of $92.39.
According to TipRanks.com, Volkmann is a top 100 analyst with an average return of 27.0% and a 75.5% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Lennox International, Illinois Tool Works, and Parker Hannifin.
Currently, the analyst consensus on Timken Company is a Moderate Buy with an average price target of $96.80, a 9.4% upside from current levels. In a report issued on April 29, KeyBanc also maintained a Buy rating on the stock with a $95.00 price target.
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