There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Caterpillar (CAT – Research Report), FedEx (FDX – Research Report) and Harley-Davidson (HOG – Research Report) with bullish sentiments.
Caterpillar (CAT)
Bank of America Securities analyst Michael Feniger maintained a Buy rating on Caterpillar today and set a price target of $283.00. The company’s shares closed last Tuesday at $241.15.
According to TipRanks.com, Feniger is a 4-star analyst with an average return of 12.3% and a 68.1% success rate. Feniger covers the Industrial Goods sector, focusing on stocks such as Construction Partners, GFL Environmental, and Aecom Technology.
Currently, the analyst consensus on Caterpillar is a Moderate Buy with an average price target of $243.20.
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FedEx (FDX)
In a report released yesterday, Brandon Oglenski from Barclays reiterated a Buy rating on FedEx, with a price target of $280.00. The company’s shares closed last Tuesday at $231.65, close to its 52-week high of $248.76.
According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 4.7% and a 54.1% success rate. Oglenski covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, United Airlines Holdings, and Expeditors International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FedEx with a $266.10 average price target, representing a 13.4% 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.
Harley-Davidson (HOG)
In a report released today, Robert Ohmes from Bank of America Securities reiterated a Buy rating on Harley-Davidson, with a price target of $45.00. The company’s shares closed last Tuesday at $33.97, close to its 52-week low of $30.62.
According to TipRanks.com, Ohmes is a 4-star analyst with an average return of 7.6% and a 59.0% success rate. Ohmes covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Life Time Group Holdings, and Canada Goose Holdings.
Currently, the analyst consensus on Harley-Davidson is a Moderate Buy with an average price target of $45.86, representing a 34.4% upside. In a report issued on June 14, Robert W. Baird also maintained a Buy rating on the stock with a $46.00 price target.
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