There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Magna International (MGA – Research Report), Construction Partners (ROAD – Research Report) and SkyWater Technology (SKYT – Research Report) with bullish sentiments.
Magna International (MGA)
RBC Capital analyst Tom Narayan maintained a Buy rating on Magna International today and set a price target of $58.00. The company’s shares closed last Monday at $55.92.
According to TipRanks.com, Narayan is a 4-star analyst with an average return of 6.8% and a 55.7% success rate. Narayan covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Continental Aktiengesellschaft.
Currently, the analyst consensus on Magna International is a Moderate Buy with an average price target of $62.10, representing a 15.4% upside. In a report issued on January 31, BMO Capital also upgraded the stock to Buy with a $74.00 price target.
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Construction Partners (ROAD)
Raymond James analyst Patrick Brown maintained a Buy rating on Construction Partners today and set a price target of $36.00. The company’s shares closed last Monday at $27.13.
According to TipRanks.com, Brown is a top 25 analyst with an average return of 17.8% and a 74.3% success rate. Brown covers the Industrial Goods sector, focusing on stocks such as Knight Transportation, Old Dominion Freight, and Waste Connections.
Construction Partners has an analyst consensus of Strong Buy, with a price target consensus of $32.00.
SkyWater Technology (SKYT)
In a report released today, Rajvindra Gill from Needham maintained a Buy rating on SkyWater Technology, with a price target of $25.00. The company’s shares closed last Monday at $11.43.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.5% and a 62.5% success rate. Gill covers the Technology sector, focusing on stocks such as Mobileye Global, Inc. Class A, Sequans Communications S A, and Smart Global Holdings.
SkyWater Technology has an analyst consensus of Moderate Buy, with a price target consensus of $25.00.
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