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Analysts’ Top Industrial Goods Picks: Arcosa (ACA), United Parcel (UPS)

Tipranks - Sat Jan 24, 7:28AM CST

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Arcosa (ACAResearch Report) and United Parcel (UPSResearch Report) with bullish sentiments.

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Arcosa (ACA)

In a report released yesterday, Adam Seiden from Barclays maintained a Buy rating on Arcosa, with a price target of $116.67. The company’s shares closed last Thursday at $116.67.

According to TipRanks.com, Seiden is a 5-star analyst with an average return of 11.9% and a 63.9% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Legence Corp. Class A, and Manitowoc Company. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arcosa with a $113.34 average price target, representing a -4.1% downside. In a report issued on January 15, TipRanks – Google also reiterated a Buy rating on the stock with a $129.00 price target.

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United Parcel (UPS)

In a report released today, J. Bruce Chan from Stifel Nicolaus reiterated a Buy rating on United Parcel, with a price target of $112.00. The company’s shares closed last Thursday at $109.30.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 5.4% and a 58.9% success rate. Chan covers the Industrial Goods sector, focusing on stocks such as Proficient Auto Logistics, Inc., Expeditors International, and Knight Transportation. ;'>

Currently, the analyst consensus on United Parcel is a Moderate Buy with an average price target of $108.00, representing a -0.9% downside. In a report issued on January 8, Bernstein also maintained a Buy rating on the stock with a $125.00 price target.

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