Analysts’ Opinions Are Mixed on These Conglomerates Stocks: Graco (NYSE: GGG), Tenneco Automotive (NYSE: TEN) and Spectrum Brands Holdings (NYSE: SPB)

By Carrie Williams

Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Graco (NYSE: GGG), Tenneco Automotive (NYSE: TEN) and Spectrum Brands Holdings (NYSE: SPB).

Graco (NYSE: GGG)

In a report issued on July 27, Deane Dray from RBC Capital reiterated a Hold rating on Graco (NYSE: GGG), with a price target of $112. The company’s shares closed yesterday at $113.68, close to its 52-week high of $116.20.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.3% and a 59.7% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Currently, the analyst consensus on Graco is Hold and the average price target is $112, representing a -1.5% downside.

In a report released yesterday, Oppenheimer also reiterated a Hold rating on the stock.
Tenneco Automotive (NYSE: TEN)

RBC Capital analyst Joseph Spak reiterated a Hold rating on Tenneco Automotive (NYSE: TEN) yesterday and set a price target of $61. The company’s shares closed yesterday at $56.22.

According to TipRanks.com, Spak is a 5-star analyst with an average return of 11.0% and a 69.8% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Metaldyne Performance Group, Magna International, and Delphi Automotive.

Tenneco Automotive has an analyst consensus of Moderate Buy, with a price target consensus of $65.33.

Spectrum Brands Holdings (NYSE: SPB)

RBC Capital analyst Nik Modi reiterated a Buy rating on Spectrum Brands Holdings (NYSE: SPB) yesterday and set a price target of $155. The company’s shares closed yesterday at $116.93.

According to TipRanks.com, Modi is ranked 0 out of 5 stars with an average return of -18.2% and a 40.0% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Energizer Holdings Inc.

Currently, the analyst consensus on Spectrum Brands Holdings is Strong Buy and the average price target is $151.80, representing a 29.8% upside.

In a report issued on July 27, Oppenheimer also maintained a Buy rating on the stock with a $167 price target.

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