Analysts Are Bullish on These Conglomerates Stocks: WTS, KRNT

By Austin Angelo

There’s a lot to be optimistic about in the Conglomerates sector as 3 analysts just weighed in on Watts Water Technologies (NYSE: WTS), Kornit Digital (NASDAQ: KRNT) and Lincoln Electric Holdings (NASDAQ: LECO) with bullish sentiments.

Watts Water Technologies (NYSE: WTS)

Stifel Nicolaus analyst Nathan Jones reiterated a Buy rating on Watts Water Technologies (NYSE: WTS) today and set a price target of $90. The company’s shares closed yesterday at $75.60.

According to TipRanks.com, Jones is a 4-star analyst with an average return of 6.3% and a 55.5% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Lincoln Electric Holdings, and Circor International.

Currently, the analyst consensus on Watts Water Technologies is Moderate Buy and the average price target is $82, representing an 8.5% upside.

In a report released yesterday, Boenning & Scattergood also reiterated a Buy rating on the stock.
Kornit Digital (NASDAQ: KRNT)

Needham analyst James Ricchiuti reiterated a Buy rating on Kornit Digital (NASDAQ: KRNT) today and set a price target of $18. The company’s shares closed yesterday at $13.80, close to its 52-week low of $12.85.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 13.3% and a 61.6% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as Teledyne Technologies Inc, Electronics for Imaging, and Samsung Electronics.

Kornit Digital has an analyst consensus of Strong Buy, with a price target consensus of $18.50.

Lincoln Electric Holdings (NASDAQ: LECO)

Oppenheimer analyst Jim Giannakouros assigned a Buy rating to Lincoln Electric Holdings (NASDAQ: LECO) today. The company’s shares closed yesterday at $89.08.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 6.2% and a 52.3% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Carlisle Companies Inc, and Mueller Water Products.

Lincoln Electric Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $104.

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