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Analysts Offer Insights on Industrial Goods Companies: American Superconductor (AMSC) and Imdex Ltd (OtherIMDXF)

Tipranks - Fri Feb 6, 2:42PM CST

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on American Superconductor (AMSCResearch Report) and Imdex Ltd (IMDXFResearch Report).

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American Superconductor (AMSC)

Clear Street analyst Tim Moore CFA maintained a Buy rating on American Superconductor today and set a price target of $52.00. The company’s shares closed last Thursday at $26.50.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -3.5% and a 44.4% success rate. CFA covers the Industrial Goods sector, focusing on stocks such as Tetra Technologies, Willdan Group, and Bloom Energy. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Superconductor with a $58.33 average price target, an 83.7% upside from current levels. In a report issued on January 27, Oppenheimer also maintained a Buy rating on the stock with a $68.00 price target.

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Imdex Ltd (IMDXF)

In a report released today, Lindsay Bettiol from Goldman Sachs initiated coverage with a Hold rating on Imdex Ltd and a price target of A$3.75. The company’s shares closed last Thursday at $2.50.

According to TipRanks.com, Bettiol is ranked #3835 out of 12040 analysts.

Imdex Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $2.57, implying a 3.0% upside from current levels. In a report issued on January 22, TipRanks – OpenAI also downgraded the stock to Hold with a A$4.00 price target.

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