Analysts’ Opinions Are Mixed on These Conglomerates Stocks: Mettler-Toledo (NYSE: MTD), Magna International (NYSE: MGA) and Kornit Digital (NASDAQ: KRNT)

By Ryan Adsit

Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Mettler-Toledo (MTDResearch Report), Magna International (MGAResearch Report) and Kornit Digital (KRNTResearch Report).

Mettler-Toledo (MTD)

In a report issued on May 10, Jack Meehan from Barclays maintained a Hold rating on Mettler-Toledo, with a price target of $680. The company’s shares opened today at $711.83.

According to TipRanks.com, Meehan is a 4-star analyst with an average return of 6.1% and a 60.6% success rate. Meehan covers the Healthcare sector, focusing on stocks such as Bio-Rad Laboratories, PRA Health Sciences, and IQVIA Holdings Inc.

Currently, the analyst consensus on Mettler-Toledo is a Hold with an average price target of $680.

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Magna International (MGA)

Barclays analyst Brian Johnson maintained a Hold rating on Magna International on May 10 and set a price target of $52. The company’s shares opened today at $44.75, close to its 52-week low of $42.88.

According to TipRanks.com, Johnson is a 2-star analyst with an average return of 0.0% and a 51.0% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as American Axle, Visteon Corp, and Meritor Inc.

Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $58.67, a 31.1% upside from current levels. In a report issued on May 1, Wolfe Research also downgraded the stock to Hold with a $60 price target.

Kornit Digital (KRNT)

In a report released yesterday, Tavy Rosner from Barclays maintained a Buy rating on Kornit Digital, with a price target of $30. The company’s shares opened today at $26.37.

According to TipRanks.com, Rosner is a 3-star analyst with an average return of 6.6% and a 60.0% success rate. Rosner covers the Technology sector, focusing on stocks such as Sapiens International Corporation, Magic Software Enterprises Ltd, and Nice-Systems.

Currently, the analyst consensus on Kornit Digital is a Moderate Buy with an average price target of $31, representing a 17.6% upside. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $32 price target.

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