Analysts Are Bullish on These Industrial Goods Stocks: General Electric (GE), Transdigm Group (TDG)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on General Electric (GE – Research Report) and Transdigm Group (TDG – Research Report) with bullish sentiments.

General Electric (GE)

Bank of America Securities analyst Andrew Obin maintained a Buy rating on General Electric yesterday and set a price target of $108.00. The company’s shares closed last Tuesday at $104.02, close to its 52-week high of $108.90.

According to TipRanks.com, Obin is a 5-star analyst with an average return of 10.0% and a 61.4% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Atmus Filtration Technologies, Inc., Emerson Electric Company, and Honeywell International.

Currently, the analyst consensus on General Electric is a Strong Buy with an average price target of $106.87, representing a 0.7% upside. In a report issued on June 11, Jefferies also maintained a Buy rating on the stock with a $120.00 price target.

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Transdigm Group (TDG)

In a report released yesterday, Ronald Epstein from Bank of America Securities maintained a Buy rating on Transdigm Group, with a price target of $980.00. The company’s shares closed last Tuesday at $821.56, close to its 52-week high of $831.58.

According to TipRanks.com, Epstein is a 4-star analyst with an average return of 3.3% and a 58.1% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as Raytheon Technologies, Teledyne Technologies, and Huntington Ingalls.

Transdigm Group has an analyst consensus of Strong Buy, with a price target consensus of $890.58, representing a 9.4% upside. In a report issued on June 19, Jefferies also maintained a Buy rating on the stock with a $930.00 price target.

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