Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Xylem (XYL) and Fastenal Company (FAST).
Xylem (XYL)
In a report released today, Pavel Molchanov from Raymond James maintained a Hold rating on Xylem. The company’s shares closed last Thursday at $97.17.
According to TipRanks.com, Molchanov is a 5-star analyst with an average return of 14.0% and a 60.2% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Maxeon Solar Technologies, Nextera Energy Partners, and Occidental Petroleum.
Currently, the analyst consensus on Xylem is a Hold with an average price target of $97.00, which is a -0.7% downside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.
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Fastenal Company (FAST)
Raymond James analyst Sam Darkatsh reiterated a Sell rating on Fastenal Company today. The company’s shares closed last Thursday at $47.12.
According to TipRanks.com, Darkatsh is a 3-star analyst with an average return of 4.2% and a 53.7% success rate. Darkatsh covers the Industrial Goods sector, focusing on stocks such as Beacon Roofing Supply, Wesco International, and The Toro Company.
The word on The Street in general, suggests a Hold analyst consensus rating for Fastenal Company with a $49.50 average price target.
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