Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Illinois Tool Works (ITW) and Emerson Electric Company (EMR).
Illinois Tool Works (ITW)
In a report released today, Jamie Cook from Credit Suisse maintained a Hold rating on Illinois Tool Works, with a price target of $152.00. The company’s shares closed last Monday at $171.81, close to its 52-week high of $173.75.
According to TipRanks.com, Cook is a 5-star analyst with an average return of 7.7% and a 59.3% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Mcdermott International, Jacobs Engineering, and Fluor Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Illinois Tool Works with a $156.75 average price target, implying a -8.8% downside from current levels. In a report issued on October 15, Citigroup also maintained a Hold rating on the stock with a $155.00 price target.
See today’s analyst top recommended stocks >>
Emerson Electric Company (EMR)
Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Emerson Electric Company today and set a price target of $72.00. The company’s shares closed last Monday at $70.82, close to its 52-week high of $73.24.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.3% and a 74.1% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, L3Harris Technologies Inc, and Transdigm Group Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Emerson Electric Company with a $72.11 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
