Analysts Are Bullish on Top Conglomerates Picks

By Austin Angelo

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Trinity Industries (NYSE: TRN) and SPX Flow Inc (NYSE: FLOW) with bullish sentiments.

Trinity Industries (NYSE: TRN)

Stifel Nicolaus analyst Michael Baudendistel reiterated a Buy rating on Trinity Industries (NYSE: TRN) on September 29 and set a price target of $42. The company’s shares closed on Friday at $31.90, close to its 52-week high of $32.30.

According to TipRanks.com, Baudendistel is a 4-star analyst with an average return of 10.8% and a 72.7% success rate. Baudendistel covers the Services sector, focusing on stocks such as Covenant Transportation Group, Knight Transportation, and Landstar System Inc.

Currently, the analyst consensus on Trinity Industries is Strong Buy and the average price target is $35.75, representing a 12.1% upside.

In a report issued on September 15, KeyBanc also reiterated a Buy rating on the stock with a $34 price target.
SPX Flow Inc (NYSE: FLOW)

Stifel Nicolaus analyst Nathan Jones reiterated a Buy rating on SPX Flow Inc (NYSE: FLOW) yesterday and set a price target of $49. The company’s shares closed on Friday at $38.56, close to its 52-week high of $40.66.

According to TipRanks.com, Jones is a 4-star analyst with an average return of 6.7% and a 65.1% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Lincoln Electric Holdings, and Watts Water Technologies.

SPX Flow Inc has an analyst consensus of Strong Buy, with a price target consensus of $44.33.

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