Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: Oneok (OKE), SIA Engineering Co (OtherSEGSF) and Watsco (WSO)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Oneok (OKE – Research Report), SIA Engineering Co (SEGSF – Research Report) and Watsco (WSO – Research Report).

Oneok (OKE)

Citi analyst Spiro M. Dounis maintained a Buy rating on Oneok today and set a price target of $73.00. The company’s shares closed last Tuesday at $59.08.

According to TipRanks.com, Dounis is a 3-star analyst with an average return of 1.1% and a 55.9% success rate. Dounis covers the Industrial Goods sector, focusing on stocks such as Western Midstream Partners, Holly Energy Partners, and Equitrans Midstream.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oneok with a $72.14 average price target, a 23.4% upside from current levels. In a report issued on May 8, UBS also maintained a Buy rating on the stock with a $81.00 price target.

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SIA Engineering Co (SEGSF)

CGS-CIMB analyst Kenneth TAN reiterated a Hold rating on SIA Engineering Co yesterday and set a price target of S$2.42. The company’s shares closed last Friday at $1.74, equals to its 52-week low of $1.74.

According to TipRanks.com, TAN is ranked #5688 out of 8410 analysts.

Currently, the analyst consensus on SIA Engineering Co is a Strong Buy with an average price target of $2.04.

Watsco (WSO)

In a report released today, Damian Karas from UBS maintained a Hold rating on Watsco, with a price target of $340.00. The company’s shares closed last Tuesday at $320.95.

According to TipRanks.com, Karas is a 3-star analyst with an average return of 6.0% and a 58.3% success rate. Karas covers the Industrial Goods sector, focusing on stocks such as A. O. Smith Corporation, Gates Industrial, and Crane NXT.

Currently, the analyst consensus on Watsco is a Hold with an average price target of $348.38.

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Read More on OKE:

• Oneok’s (NYSE:OKE) $18.8B Deal Creates a Massive Oil and Gas Company
• ONEOK to Acquire Magellan Midstream Partners in Transaction Valued at $18.8 billion
• Oneok affirms FY23 financial guidance
• ONEOK Announces Higher First Quarter 2023 Net Income; Affirms 2023 Financial Guidance
• Oneok reports Q1 EPS $2.34, consensus $2.09