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Analysts’ Top Industrial Goods Picks: ACCO Brands (ACCO), XPO (XPO)

Tipranks - Tipranks - Tue May 5, 7:08AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on ACCO Brands (ACCO), XPO (XPO) and Quanta Services (PWR) with bullish sentiments.

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ACCO Brands (ACCO)

In a report released today, Kevin Steinke from Barrington reiterated a Buy rating on ACCO Brands, with a price target of $5.00. The company’s shares closed last Friday at $3.95.

According to TipRanks.com, Steinke is a 5-star analyst with an average return of 13.7% and a 55.3% success rate. Steinke covers the Industrial Goods sector, focusing on stocks such as Distribution Solutions Group, Mobile Infrastructure Corp, and Icf International. ;'>

Currently, the analyst consensus on ACCO Brands is a Moderate Buy with an average price target of $7.00, representing a 102.9% upside. In a report issued on May 1, TipRanks – Google also upgraded the stock to Buy with a $3.50 price target.

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XPO (XPO)

In a report released today, Scott Schneeberger from Oppenheimer maintained a Buy rating on XPO, with a price target of $236.00. The company’s shares closed last Friday at $215.28.

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 11.7% and a 57.9% success rate. Schneeberger covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, EquipmentShare.com, Inc., and Custom Truck One Source. ;'>

Currently, the analyst consensus on XPO is a Moderate Buy with an average price target of $225.26, which is a 1.2% upside from current levels. In a report issued on April 22, Jefferies also maintained a Buy rating on the stock with a $275.00 price target.

Quanta Services (PWR)

Goldman Sachs analyst Atidrip Modak maintained a Buy rating on Quanta Services today and set a price target of $826.00. The company’s shares closed last Friday at $742.21.

According to TipRanks.com, Modak is a 5-star analyst with an average return of 26.6% and a 53.4% success rate. Modak covers the NA sector, focusing on stocks such as Weatherford International, Atlas Energy Solutions, and Helmerich & Payne. ;'>

Quanta Services has an analyst consensus of Moderate Buy, with a price target consensus of $725.72, a -1.5% downside from current levels. In a report issued on April 30, TipRanks – Anthropic also upgraded the stock to Buy with a $698.00 price target.

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