Analysts Offer Insights on Conglomerates Companies: Meritor (NYSE: MTOR), Fortune Brands (NYSE: FBHS) and Chewy (NYSE: CHWY)

Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Meritor (MTORResearch Report), Fortune Brands (FBHSResearch Report) and Chewy (CHWYResearch Report).

Meritor (MTOR)

In a report issued on December 9, Joseph Spak from RBC Capital maintained a Hold rating on Meritor, with a price target of $23.00. The company’s shares closed last Monday at $23.62.

According to TipRanks.com, Spak is a 4-star analyst with an average return of 7.1% and a 54.4% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, American Axle, and BorgWarner.

The word on The Street in general, suggests a Hold analyst consensus rating for Meritor with a $21.00 average price target.

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Fortune Brands (FBHS)

In a report issued on December 6, Mike Wood from Nomura maintained a Hold rating on Fortune Brands, with a price target of $67.00. The company’s shares closed last Monday at $64.00, close to its 52-week high of $65.12.

According to TipRanks.com, Wood is a 4-star analyst with an average return of 8.6% and a 65.9% success rate. Wood covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Mueller Water Products, and Masonite International.

Fortune Brands has an analyst consensus of Strong Buy, with a price target consensus of $71.83.

Chewy (CHWY)

Nomura analyst Mark Kelley maintained a Buy rating on Chewy yesterday and set a price target of $36.00. The company’s shares closed last Monday at $25.50.

According to TipRanks.com, Kelley is a 4-star analyst with an average return of 9.9% and a 63.6% success rate. Kelley covers the Technology sector, focusing on stocks such as Spotify Technology SA, IAC/InterActiveCorp, and ANGI Homeservices.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chewy with a $33.57 average price target, which is a 39.9% upside from current levels. In a report issued on December 5, Morgan Stanley also upgraded the stock to Buy with a $30.00 price target.

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