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Analysts’ Top Industrial Goods Picks: Allegiant Travel Company (ALGT), Fortune Brands Innovations (FBIN)

Tipranks - Tipranks - Thu Aug 6, 9:42AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Allegiant Travel Company (ALGT), Fortune Brands Innovations (FBIN) and Xometry (XMTR) with bullish sentiments.

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Allegiant Travel Company (ALGT)

In a report released today, Duane Pfennigwerth from Evercore ISI maintained a Buy rating on Allegiant Travel Company, with a price target of $130.00. The company’s shares closed last Wednesday at $105.73, close to its 52-week high of $107.57.

Pfennigwerth has an average return of 34.3% when recommending Allegiant Travel Company. ;'>

According to TipRanks.com, Pfennigwerth is ranked #1031 out of 12430 analysts.

Currently, the analyst consensus on Allegiant Travel Company is a Moderate Buy with an average price target of $135.92, implying a 41.1% upside from current levels. In a report issued on July 24, Citi also reiterated a Buy rating on the stock with a $156.00 price target.

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Fortune Brands Innovations (FBIN)

In a report released today, Keith Hughes from Truist Financial maintained a Buy rating on Fortune Brands Innovations. The company’s shares closed last Wednesday at $51.62.

According to TipRanks.com, Hughes is a 5-star analyst with an average return of 17.4% and a 62.2% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as SiteOne Landscape Supply, Construction Partners, and Builders Firstsource. ;'>

Fortune Brands Innovations has an analyst consensus of Hold, with a price target consensus of $53.00, implying a 1.9% upside from current levels. In a report released today, UBS also maintained a Buy rating on the stock with a $65.00 price target.

Xometry (XMTR)

Wedbush analyst Ygal Arounian maintained a Buy rating on Xometry today and set a price target of $126.00. The company’s shares closed last Wednesday at $91.52.

According to TipRanks.com, Arounian is a 4-star analyst with an average return of 4.7% and a 46.6% success rate. Arounian covers the NA sector, focusing on stocks such as Reddit Inc Class A, Alphabet Class A, and Meta Platforms. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xometry with a $104.38 average price target, representing a 13.9% upside. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Buy with a $96.00 price target.

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