There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on FedEx (FDX – Research Report) and Greenbrier (GBX – Research Report) with bullish sentiments.
FedEx (FDX)
Robert W. Baird analyst Garrett Holland maintained a Buy rating on FedEx on June 13 and set a price target of $275.00. The company’s shares closed last Thursday at $236.44, close to its 52-week high of $248.76.
According to TipRanks.com, Holland is a 3-star analyst with an average return of 1.9% and a 50.5% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.
Currently, the analyst consensus on FedEx is a Moderate Buy with an average price target of $261.79, representing a 13.9% upside. In a report issued on June 6, Atlantic Equities also initiated coverage with a Buy rating on the stock with a $265.00 price target.
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Greenbrier (GBX)
In a report released today, Matt Elkott from TD Cowen maintained a Buy rating on Greenbrier. The company’s shares closed last Thursday at $31.27.
According to TipRanks.com, Elkott is a 5-star analyst with an average return of 13.6% and a 61.4% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Freightcar America, and Trinity Industries.
Currently, the analyst consensus on Greenbrier is a Hold with an average price target of $34.67.
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