Analysts Offer Insights on Conglomerates Companies: Regal Beloit (NYSE: RBC) and Textron Inc (NYSE: TXT)

By Ryan Adsit

Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Regal Beloit (NYSE: RBC) and Textron Inc (NYSE: TXT).

Regal Beloit (NYSE: RBC)

Jefferies analyst Stephen Volkmann reiterated a Hold rating on Regal Beloit (NYSE: RBC) yesterday and set a price target of $73. The company’s shares closed yesterday at $75.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 14.5% and a 70.8% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, Honeywell International, and Illinois Tool Works.

Regal Beloit has an analyst consensus of Hold, with a price target consensus of $77.

Textron Inc (NYSE: TXT)

In a report released yesterday, Howard Rubel from Jefferies reiterated a Buy rating on Textron Inc (NYSE: TXT), with a price target of $60. The company’s shares closed yesterday at $46.85.

According to TipRanks.com, Rubel is a top 25 analyst with an average return of 16.9% and a 80.6% success rate. Rubel covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, Honeywell International, and General Dynamics Corp.

Currently, the analyst consensus on Textron Inc is Strong Buy and the average price target is $56.67, representing a 21.0% upside.

In a report issued on April 10, Credit Suisse also maintained a Buy rating on the stock with a $50 price target.

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