Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Magna International (MGA) and Deere (DE).
Magna International (MGA)
KeyBanc analyst James Picariello maintained a Buy rating on Magna International today and set a price target of $47.00. The company’s shares closed last Thursday at $36.70.
According to TipRanks.com, Picariello is a 1-star analyst with an average return of -5.7% and a 35.7% success rate. Picariello covers the Industrial Goods sector, focusing on stocks such as BorgWarner, Meritor, and Lear.
Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $46.38, which is a 28.2% upside from current levels. In a report issued on March 30, CIBC also upgraded the stock to Buy with a $49.00 price target.
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Deere (DE)
Deere received a Hold rating from Robert W. Baird analyst Mircea Dobre today. The company’s shares closed last Thursday at $145.75.
According to TipRanks.com, Dobre is a 1-star analyst with an average return of -2.4% and a 45.9% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, John Bean Technologies, and Enerpac Tool Group.
Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $177.82, a 20.7% upside from current levels. In a report issued on March 30, Wells Fargo also maintained a Hold rating on the stock with a $160.00 price target.
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