Analysts Have Conflicting Sentiments on These Conglomerates Companies: Barnes Group Inc (NYSE: B) and Eaton Corporation (NYSE: ETN)

By Austin Angelo

Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Barnes Group Inc (NYSE: B) and Eaton Corporation (NYSE: ETN).

Barnes Group Inc (NYSE: B)

Jefferies analyst Bhupender Bohra reiterated a Buy rating on Barnes Group Inc (NYSE: B) yesterday and set a price target of $66. The company’s shares closed yesterday at $57.98, close to its 52-week high of $59.

According to TipRanks.com, Bohra is a top 100 analyst with an average return of 27.6% and a 87.3% success rate. Bohra covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Ceco Environmental, and Altra Holdings.

Barnes Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $66.

Eaton Corporation (NYSE: ETN)

Jefferies analyst Stephen Volkmann reiterated a Hold rating on Eaton Corporation (NYSE: ETN) on June 6 and set a price target of $75. The company’s shares closed yesterday at $74.95.

According to TipRanks.com, Volkmann is a top 100 analyst with an average return of 17.3% and a 72.9% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, Honeywell International, and Illinois Tool Works.

Currently, the analyst consensus on Eaton Corporation is Hold and the average price target is $79, representing a 5.4% upside.

In a report issued on May 22, Oppenheimer also reiterated a Hold rating on the stock.

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