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Analysts Conflicted on These Industrial Goods Names: Eaton (ETN) and Allegion (ALLE)

Tipranks - Tipranks - Mon Jun 8, 9:32AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Eaton (ETN) and Allegion (ALLE).

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Eaton (ETN)

In a report issued on June 5, Andrew Obin from Bank of America Securities maintained a Buy rating on Eaton, with a price target of $490.00. The company’s shares closed last Friday at $395.94.

According to TipRanks.com, Obin is a 5-star analyst with an average return of 20.3% and a 67.7% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Applied Industrial Technologies, and Emerson Electric Company. ;'>

Currently, the analyst consensus on Eaton is a Strong Buy with an average price target of $468.73, representing a 14.7% upside. In a report issued on June 3, Bernstein also maintained a Buy rating on the stock with a $534.00 price target.

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Allegion (ALLE)

In a report issued on June 5, Joe O’Dea from Wells Fargo maintained a Hold rating on Allegion, with a price target of $155.00. The company’s shares closed last Friday at $130.16.

According to TipRanks.com, O’Dea is a 5-star analyst with an average return of 10.4% and a 58.8% success rate. O’Dea covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Allegion with a $160.63 average price target, which is a 23.7% upside from current levels. In a report issued on June 3, Morgan Stanley also maintained a Hold rating on the stock with a $142.00 price target.

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