Analysts’ Opinions Are Mixed on These Conglomerates Stocks: Fortune Brands (NYSE: FBHS) and Cummins (NYSE: CMI)

By Austin Angelo

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Fortune Brands (FBHSResearch Report) and Cummins (CMIResearch Report).

Fortune Brands (FBHS)

In a report released yesterday, Susan Maklari from Credit Suisse maintained a Hold rating on Fortune Brands, with a price target of $49. The company’s shares closed yesterday at $44.75.

According to TipRanks.com, Maklari is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.3% and a 40.8% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Skyline Champion Corporation, Stanley Black & Decker Inc, and Green Brick Partners.

Currently, the analyst consensus on Fortune Brands is a Moderate Buy with an average price target of $48.50, implying an 8.4% upside from current levels. In a report issued on February 1, Loop Capital Markets also maintained a Hold rating on the stock with a $44 price target.

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Cummins (CMI)

In a report issued on February 6, Jamie Cook from Credit Suisse maintained a Buy rating on Cummins, with a price target of $165. The company’s shares closed yesterday at $149.62.

According to TipRanks.com, Cook is a 4-star analyst with an average return of 5.9% and a 56.6% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Fluor Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cummins with a $169.67 average price target, implying a 13.4% upside from current levels. In a report released yesterday, Robert W. Baird also upgraded the stock to Buy with a $195 price target.

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