Here's Why Hold Strategy is Apt for the Barnes (B) Stock Now
Barnes (B) zacks.com·2024-05-21 14:46
Barnes Group Inc. (B) has been benefiting from strong momentum in the Aerospace segment and accretive acquisitions despite weakness in the Industrial segment and the rising cost of sales.Let us discuss the factors why investors should retain the stock for the time being.Growth CatalystsBusiness Strength: Barnes is benefiting from the strong performance of the Aerospace segment. Strength in the original equipment manufacturer (OEM) and Aftermarket businesses is supporting the segment’s revenues. Continued gr ...