There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Greenlane Holdings Inc (GNLN – Research Report) and Ingersoll-Rand (IR – Research Report) with bullish sentiments.
Greenlane Holdings Inc (GNLN)
In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Greenlane Holdings Inc, with a price target of $23. The company’s shares closed yesterday at $15.38, close to its 52-week low of $12.90.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 20.8% and a 62.1% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
Currently, the analyst consensus on Greenlane Holdings Inc is a Strong Buy with an average price target of $22.13, which is a 43.9% upside from current levels. In a report issued on May 14, Roth Capital also initiated coverage with a Buy rating on the stock with a $22.50 price target.
Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Ingersoll-Rand today and set a price target of $131. The company’s shares closed yesterday at $118.60, close to its 52-week high of $125.26.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 12.0% and a 70.1% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ingersoll-Rand with a $129.27 average price target.
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