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Analysts Are Bullish on Top Conglomerates Stocks: IDEX (IEX), NOV (NOV)

There’s a lot to be optimistic about in the Conglomerates sector as 3 analysts just weighed in on IDEX (IEXResearch Report), NOV (NOVResearch Report) and Timken Company (TKRResearch Report) with bullish sentiments.

IDEX (IEX)

In a report released yesterday, Nathan Jones from Stifel Nicolaus maintained a Buy rating on IDEX, with a price target of $244.00. The company’s shares closed last Wednesday at $198.85, close to its 52-week low of $190.95.

According to TipRanks.com, Jones is a 5-star analyst with an average return of 12.1% and a 57.1% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Circor International, Illinois Tool Works, and Badger Meter.

Currently, the analyst consensus on IDEX is a Moderate Buy with an average price target of $245.33, a 22.7% upside from current levels. In a report issued on February 2, Robert W. Baird also maintained a Buy rating on the stock with a $233.00 price target.

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NOV (NOV)

In a report released yesterday, Stephen Gengaro from Stifel Nicolaus maintained a Buy rating on NOV, with a price target of $20.00. The company’s shares closed last Wednesday at $16.27.

According to TipRanks.com, Gengaro is a 4-star analyst with an average return of 12.3% and a 44.7% success rate. Gengaro covers the Industrial Goods sector, focusing on stocks such as TPI Composites, Schlumberger, and DMC Global.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NOV with a $18.19 average price target, representing a 14.8% upside. In a report issued on February 2, Citigroup also maintained a Buy rating on the stock with a $19.00 price target.

Timken Company (TKR)

Stifel Nicolaus analyst Stanley Elliott maintained a Buy rating on Timken Company yesterday and set a price target of $98.00. The company’s shares closed last Wednesday at $67.80, close to its 52-week low of $62.96.

According to TipRanks.com, Elliott is a 5-star analyst with an average return of 16.9% and a 66.8% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Construction Partners, AZEK Company, and Deere.

Currently, the analyst consensus on Timken Company is a Moderate Buy with an average price target of $86.50.

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