Analysts Offer Insights on Conglomerates Companies: Barnes Group Inc (NYSE: B) and Stericycle (NASDAQ: SRCL)

By Jason Carr

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Barnes Group Inc (NYSE: B) and Stericycle (NASDAQ: SRCL).

Barnes Group Inc (NYSE: B)

In a report released today, Christopher Glynn from Oppenheimer assigned a Buy rating to Barnes Group Inc (NYSE: B), with a price target of $44. The company’s shares opened today at $40.36, close to its 52-week high of $41.86.

According to TipRanks.com, Glynn is a top 25 analyst with an average return of 14.8% and a 71.5% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Rockwell Automation Inc, and Mueller Water Products.

Barnes Group Inc has an analyst consensus of Strong Buy, with a price target consensus of $44.33.

Stericycle (NASDAQ: SRCL)

In a report released today, Scott Schneeberger from Oppenheimer assigned a Hold rating to Stericycle (NASDAQ: SRCL). The company’s shares opened today at $79.73, close to its 52-week low of $72.89.

According to TipRanks.com, Schneeberger is a top 25 analyst with an average return of 11.1% and a 63.4% success rate. Schneeberger covers the Services sector, focusing on stocks such as New Oriental Education Tech, Capella Education Company, and Kansas City Southern.

Stericycle has an analyst consensus of Hold, with a price target consensus of $86.50.