Analysts’ Top Conglomerates Picks

By Carrie Williams

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Calatlantic Group (NYSE: CAA) and Taser International (NASDAQ: TASR) with bullish sentiments.

Calatlantic Group (NYSE: CAA)

J.P. Morgan analyst Michael Rehaut reiterated a Buy rating on Calatlantic Group (NYSE: CAA) yesterday and set a price target of $41. The company’s shares opened today at $31.51.

According to, Rehaut is a 4-star analyst with an average return of 4.0% and a 49.5% success rate. Rehaut covers the Industrial Goods sector, focusing on stocks such as Stanley Black & Decker Inc, CaesarStone Sdot-Yam, and New Home Company.

Calatlantic Group has an analyst consensus of Moderate Buy, with a price target consensus of $39.50.

Taser International (NASDAQ: TASR)

J.P. Morgan analyst Mark Strouse reiterated a Buy rating on Taser International (NASDAQ: TASR) today and set a price target of $31. The company’s shares opened today at $23.25.

Strouse said:

“We maintain our Overweight rating for TASR ahead of 3Q results. The stock has pulled back 22% since the loss of the NYPD body-cam contract (SP500 down 3%), and while commentary at the recent IACP conference suggested that the low pricing of that contract was a one-off occurrence, we believe investors likely will remain skeptical until additional contracts are awarded with a return to historical pricing. We expect management to address the issues surrounding the NYPD contract on the call as well as more positive developments including the start of London Met body-cam deployments, and recent wins with Cincinnati, Atlanta, El Paso County, and Northern Territory Police (Australia). We continue to believe that the selloff in the stock following the news of the NYPD contract loss is overdone, presenting investors with an opportunity to buy the stock with little or no implied value assigned to the video business (see SOTP below).”

Strouse has an average return of 6.6% when recommending Taser International.

According to, Strouse is ranked #3540 out of 4165 analysts.

Taser International has an analyst consensus of Moderate Buy.