Analysts Conflicted on These Industrial Goods Names: Honeywell International (HON) and nVent Electric (NVT)
Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Honeywell International (HON – Research Report) and nVent Electric (NVT – Research Report).
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Honeywell International (HON)
Wells Fargo analyst Joe O’Dea maintained a Hold rating on Honeywell International on February 5 and set a price target of $235.00. The company’s shares closed last Friday at $238.38, close to its 52-week high of $242.77.
According to TipRanks.com, O’Dea is a 5-star analyst with an average return of
Honeywell International has an analyst consensus of Moderate Buy, with a price target consensus of $245.50, representing a 4.6% upside. In a report issued on January 30, TipRanks – Anthropic also downgraded the stock to Hold with a $237.00 price target.
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nVent Electric (NVT)
In a report released today, Brian Drab from William Blair maintained a Buy rating on nVent Electric. The company’s shares closed last Friday at $112.64.
According to TipRanks.com, Drab is a 5-star analyst with an average return of
nVent Electric has an analyst consensus of Strong Buy, with a price target consensus of $134.33, representing a 24.9% upside. In a report issued on February 6, Barclays also maintained a Buy rating on the stock with a $141.00 price target.
