There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Energy Transfer (ET – Research Report) and Kennametal (KMT – Research 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
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.
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
Currently, the analyst consensus on Kennametal is a Hold with an average price target of $39.50.
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