Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on FMC (FMC) and Ingersoll Rand (IR).
FMC (FMC)
Credit Suisse analyst Chris Parkinson maintained a Buy rating on FMC yesterday and set a price target of $127.00. The company’s shares closed last Wednesday at $109.65.
According to TipRanks.com, Parkinson is a 4-star analyst with an average return of 3.6% and a 60.7% success rate. Parkinson covers the Industrial Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.
Currently, the analyst consensus on FMC is a Strong Buy with an average price target of $113.10.
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Ingersoll Rand (IR)
Credit Suisse analyst John Walsh maintained a Hold rating on Ingersoll Rand today and set a price target of $33.00. The company’s shares closed last Wednesday at $33.45, close to its 52-week high of $35.10.
According to TipRanks.com, Walsh is a 4-star analyst with an average return of 8.5% and a 60.6% success rate. Walsh covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ingersoll Rand with a $33.29 average price target.
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