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Analysts Offer Insights on Conglomerates Companies: Beacon Roofing Supply (BECN), Deere (DE) and Enterprise Products Partners (EPD)

Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Beacon Roofing Supply (BECNResearch Report), Deere (DEResearch Report) and Enterprise Products Partners (EPDResearch Report).

Beacon Roofing Supply (BECN)

J.P. Morgan analyst Michael Rehaut maintained a Sell rating on Beacon Roofing Supply on November 22 and set a price target of $62.50. The company’s shares closed last Wednesday at $55.44.

According to TipRanks.com, Rehaut is a 3-star analyst with an average return of 3.9% and a 57.1% success rate. Rehaut covers the Consumer Goods sector, focusing on stocks such as Green Brick Partners, Century Communities, and M.D.C. Holdings.

Beacon Roofing Supply has an analyst consensus of Moderate Buy, with a price target consensus of $61.75.

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Deere (DE)

J.P. Morgan analyst Ann Duignan maintained a Sell rating on Deere yesterday and set a price target of $320.00. The company’s shares closed last Wednesday at $367.86.

According to TipRanks.com, Duignan is a 3-star analyst with an average return of 1.9% and a 55.7% success rate. Duignan covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings, Illinois Tool Works, and Manitowoc Company.

Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $403.00.

Enterprise Products Partners (EPD)

In a report issued on November 23, Jeremy Tonet from J.P. Morgan maintained a Buy rating on Enterprise Products Partners, with a price target of $26.00. The company’s shares closed last Wednesday at $22.24.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 6.8% and a 56.6% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Magellan Midstream, Pembina Pipeline, and Cheniere Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enterprise Products Partners with a $28.00 average price target, representing a 27.7% upside. In a report issued on November 22, Mizuho Securities also maintained a Buy rating on the stock with a $29.00 price target.

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