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Analysts Offer Insights on Industrial Goods Companies: United Rentals (URI), ArcBest (ARCB) and Axon Enterprise (AXON)

Tipranks - Sat Jun 6, 8:12AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on United Rentals (URI), ArcBest (ARCB) and Axon Enterprise (AXON).

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United Rentals (URI)

Wells Fargo analyst Jerry Revich reiterated a Buy rating on United Rentals yesterday and set a price target of $1245.00. The company’s shares closed last Thursday at $1084.62.

According to TipRanks.com, Revich is a 5-star analyst with an average return of 9.2% and a 56.9% success rate. Revich covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, EquipmentShare.com, Inc., and Republic Services. ;'>

Currently, the analyst consensus on United Rentals is a Strong Buy with an average price target of $1089.77, representing a 2.6% upside. In a report issued on June 1, Bernstein also maintained a Buy rating on the stock with a $1153.00 price target.

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ArcBest (ARCB)

Wells Fargo analyst Christian Wetherbee assigned a Hold rating to ArcBest today and set a price target of $150.00. The company’s shares closed last Thursday at $146.08, close to its 52-week high of $153.61.

According to TipRanks.com, Wetherbee is a 5-star analyst with an average return of 15.5% and a 63.5% success rate. Wetherbee covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Knight Transportation, and Old Dominion Freight. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcBest with a $135.00 average price target, representing a -5.6% downside. In a report released today, Bank of America Securities also reiterated a Hold rating on the stock with a $160.00 price target.

Axon Enterprise (AXON)

William Blair analyst Jonathan Ho maintained a Buy rating on Axon Enterprise today. The company’s shares closed last Thursday at $513.20.

According to TipRanks.com, Ho is a 4-star analyst with an average return of 6.9% and a 50.9% success rate. Ho covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, CrowdStrike Holdings, and Tyler Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Axon Enterprise with a $670.47 average price target, implying a 38.2% upside from current levels. In a report issued on June 1, TipRanks – xAI also upgraded the stock to Buy with a $498.00 price target.

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