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Analysts Are Bullish on These Industrial Goods Stocks: Watts Water Technologies (WTS), Owens Corning (OC)

Tipranks - Tipranks - Wed Jul 1, 4:38AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Watts Water Technologies (WTS) and Owens Corning (OC) with bullish sentiments.

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Watts Water Technologies (WTS)

Watts Water Technologies received a Buy rating and a $414.00 price target from Barclays analyst William Grippin on June 26. The company’s shares closed last Monday at $358.93.

According to TipRanks.com, Grippin has 0 stars on 0-5 stars ranking scale with an average return of -16.4% and a 30.5% success rate. Grippin covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Zurn Water Solutions, and Veralto Corporation. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Watts Water Technologies with a $360.80 average price target, a 0.4% upside from current levels. In a report issued on June 14, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $393.00 price target.

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Owens Corning (OC)

In a report released yesterday, Sam Reid from Wells Fargo maintained a Buy rating on Owens Corning, with a price target of $150.00. The company’s shares closed last Monday at $156.05.

According to TipRanks.com, Reid is a 4-star analyst with an average return of 6.5% and a 57.2% success rate. Reid covers the Industrial Goods sector, focusing on stocks such as Stanley Black & Decker, Builders Firstsource, and CSW Industrials. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Owens Corning with a $150.08 average price target, an 11.6% upside from current levels. In a report released yesterday, Evercore ISI also upgraded the stock to Buy with a $188.00 price target.

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