Analysts Offer Insights on Conglomerates Companies: ITT Corp (NYSE: ITT) and Regal Beloit (NYSE: RBC)

By Jason Carr

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on ITT Corp (NYSE: ITT) and Regal Beloit (NYSE: RBC) with bullish sentiments.

ITT Corp (NYSE: ITT)

In a report issued on November 4, Scott Davis from Barclays reiterated a Buy rating on ITT Corp (NYSE: ITT), with a price target of $41. The company’s shares opened today at $34.14.

According to TipRanks.com, Davis is a 1-star analyst with an average return of -2.5% and a 48.3% success rate. Davis covers the Industrial Goods sector, focusing on stocks such as Standex International Corp., Emerson Electric Company, and Rockwell Automation Inc.

ITT Corp has an analyst consensus of Moderate Buy.

Regal Beloit (NYSE: RBC)

In a report released today, Julian Mitchell from Credit Suisse reiterated a Buy rating on Regal Beloit (NYSE: RBC), with a price target of $65. The company’s shares opened today at $63.40.

According to TipRanks.com, Mitchell is a 4-star analyst with an average return of 3.6% and a 51.8% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., Emerson Electric Company, and Rockwell Automation Inc.

Regal Beloit has an analyst consensus of Moderate Buy, with a price target consensus of $64.50.