tiprankstipranks
Blurbs

Analysts Offer Insights on Industrial Goods Companies: Energy Transfer (ET) and Kennametal (KMT)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Energy Transfer (ETResearch Report) and Kennametal (KMTResearch Report) with bullish sentiments.

Energy Transfer (ET)

Wells Fargo analyst Michael Blum maintained a Buy rating on Energy Transfer yesterday and set a price target of $15.00. The company’s shares closed last Wednesday at $10.09.

According to TipRanks.com, Blum is a 5-star analyst with an average return of 14.5% and a 63.2% success rate. Blum covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, SolarEdge Technologies, and Dcp Midstream Partners.

Currently, the analyst consensus on Energy Transfer is a Strong Buy with an average price target of $14.00, representing a 36.3% upside. In a report issued on March 14, J.P. Morgan also maintained a Buy rating on the stock with a $15.00 price target.

See today’s best-performing stocks on TipRanks >>

Kennametal (KMT)

Jefferies analyst Stephen Volkmann maintained a Buy rating on Kennametal yesterday and set a price target of $45.00. The company’s shares closed last Wednesday at $29.89, close to its 52-week low of $28.61.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 20.6% and a 66.3% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as SiteOne Landscape Supply, Lennox International, and Trane Technologies.

Currently, the analyst consensus on Kennametal is a Hold with an average price target of $39.50.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on ET:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed