Analysts Conflicted on These Industrial Goods Names: Regal Rexnord (RRX), Leggett & Platt (LEG) and Huntsman (HUN)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Regal Rexnord (RRX – Research Report), Leggett & Platt (LEG – Research Report) and Huntsman (HUN – Research Report).

Regal Rexnord (RRX)

KeyBanc analyst Jeffrey Hammond reiterated a Buy rating on Regal Rexnord today and set a price target of $148.00. The company’s shares closed last Wednesday at $118.21, close to its 52-week low of $111.84.

According to TipRanks.com, Hammond is a 5-star analyst with an average return of 8.6% and a 52.2% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Janus International Group, Advanced Drainage Systems, and A. O. Smith Corporation.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Regal Rexnord with a $183.20 average price target.

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Leggett & Platt (LEG)

In a report issued on October 31, Susan Maklari from Goldman Sachs maintained a Hold rating on Leggett & Platt, with a price target of $24.00. The company’s shares closed last Wednesday at $23.34, close to its 52-week low of $22.65.

According to TipRanks.com, Maklari is a 2-star analyst with an average return of 0.1% and a 43.6% success rate. Maklari covers the Industrial Goods sector, focusing on stocks such as A. O. Smith Corporation, Armstrong World, and Boise Cascade.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Leggett & Platt with a $22.00 average price target, which is a -4.8% downside from current levels. In a report issued on October 17, Truist Financial also maintained a Hold rating on the stock with a $26.00 price target.

Huntsman (HUN)

KeyBanc analyst Aleksey Yefremov maintained a Hold rating on Huntsman today. The company’s shares closed last Wednesday at $23.07, close to its 52-week low of $22.14.

According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 6.8% and a 50.6% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Westlake Chemical, DuPont de Nemours, and Eastman Chemical.

Currently, the analyst consensus on Huntsman is a Moderate Buy with an average price target of $28.43, representing a 27.0% upside. In a report issued on October 31, Citi also maintained a Hold rating on the stock with a $26.00 price target.

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Read More on RRX:

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• Regal Rexnord price target lowered to $187 from $211 at Baird
• Regal Rexnord price target lowered to $196 from $206 at Barclays