Wall Street Analysts Are Bullish on Top Conglomerates Picks

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Siemens Gamesa Renewable Energy, S.A. (GCTAFResearch Report) and Continental Aktiengesellschaft (CTTAFResearch Report) with bullish sentiments.

Siemens Gamesa Renewable Energy, S.A. (GCTAF)

J.P. Morgan analyst Andreas Willi maintained a Buy rating on Siemens Gamesa Renewable Energy, S.A. yesterday. The company’s shares closed last Thursday at $37.64.

According to TipRanks.com, Willi is ranked #1771 out of 7435 analysts.

Siemens Gamesa Renewable Energy, S.A. has an analyst consensus of Moderate Buy, with a price target consensus of $40.13, implying a 6.6% upside from current levels. In a report issued on March 25, Bernstein also initiated coverage with a Buy rating on the stock with a EUR38.00 price target.

See today’s analyst top recommended stocks >>

Continental Aktiengesellschaft (CTTAF)

Jefferies analyst Sascha Gommel maintained a Buy rating on Continental Aktiengesellschaft yesterday and set a price target of EUR155.00. The company’s shares closed last Friday at $133.83.

Gommel has an average return of 28.2% when recommending Continental Aktiengesellschaft.

According to TipRanks.com, Gommel is ranked #2188 out of 7435 analysts.

Continental Aktiengesellschaft has an analyst consensus of Moderate Buy, with a price target consensus of $152.58, implying a 14.0% upside from current levels. In a report issued on March 24, UBS also maintained a Buy rating on the stock with a EUR154.00 price target.

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.