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Analysts’ Top Conglomerates Picks: Euronav (EURN), Cargotec (CYJBF)

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Euronav (EURNResearch Report) and Cargotec (CYJBFResearch Report) with bullish sentiments.

Euronav (EURN)

Kepler Capital analyst Andreas Nygard maintained a Buy rating on Euronav on February 3 and set a price target of EUR11.80. The company’s shares closed last Friday at $9.13.

Nygard has an average return of 8.2% when recommending Euronav.

According to TipRanks.com, Nygard is ranked #4778 out of 7779 analysts.

Euronav has an analyst consensus of Strong Buy, with a price target consensus of $12.41, implying a 42.6% upside from current levels. In a report issued on January 25, BTIG also maintained a Buy rating on the stock with a $12.00 price target.

See the top stocks recommended by analysts >>

Cargotec (CYJBF)

In a report issued on February 3, Johan Eliason from Kepler Capital maintained a Buy rating on Cargotec, with a price target of EUR61.00. The company’s shares closed last Friday at $45.05.

According to TipRanks.com, Eliason is a 3-star analyst with an average return of 4.4% and a 45.1% success rate. Eliason covers the Industrial Goods sector, focusing on stocks such as Electrolux Professional AB, Siemens Energy, and Sulzer AG.

Currently, the analyst consensus on Cargotec is a Strong Buy with an average price target of $62.70, implying a 39.2% upside from current levels. In a report issued on January 19, UBS also maintained a Buy rating on the stock with a EUR54.00 price target.

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