Analysts Have Conflicting Sentiments on These Conglomerates Companies: Autoliv (NYSE: ALV) and Barnes Group Inc (NYSE: B)

By Ryan Adsit

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

Autoliv (ALV)

In a report released today, David Leiker from Robert W. Baird maintained a Buy rating on Autoliv, with a price target of $145. The company’s shares opened today at $102.05.

According to TipRanks.com, Leiker is a 5-star analyst with an average return of 11.9% and a 64.8% success rate. Leiker covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, WABCO Holdings, and Veoneer Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Autoliv with a $114.50 average price target, a 12.2% upside from current levels. In a report issued on July 16, Daiwa also upgraded the stock to Buy with a $118 price target.

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Barnes Group Inc (B)

Robert W. Baird analyst Timothy Wojs maintained a Hold rating on Barnes Group Inc today and set a price target of $68. The company’s shares opened today at $68.30.

According to TipRanks.com, Wojs is a 3-star analyst with an average return of 4.1% and a 57.8% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co Inc, American Woodmark Corp, and Carlisle Companies Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barnes Group Inc with a $66 average price target, representing a -3.4% downside. In a report issued on July 27, SunTrust Robinson also reiterated a Hold rating on the stock with a $63 price target.

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