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Analysts Offer Insights on Industrial Goods Companies: ArcBest (ARCB) and SPX (SPXC)

Tipranks - Tipranks - Thu Jun 18, 7:10AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on ArcBest (ARCB) and SPX (SPXC) with bullish sentiments.

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ArcBest (ARCB)

In a report released today, Lucas Servera from Truist Financial maintained a Buy rating on ArcBest. The company’s shares closed last Tuesday at $159.80.

According to TipRanks.com, Servera is a 5-star analyst with an average return of 48.4% and a 89.1% success rate. Servera covers the Industrial Goods sector, focusing on stocks such as FedEx Freight Holding Company, Expeditors International, and Old Dominion Freight. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcBest with a $150.78 average price target, a -8.7% downside from current levels. In a report issued on June 15, Citi also maintained a Buy rating on the stock with a $202.00 price target.

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SPX (SPXC)

Truist Financial analyst Jamie Cook maintained a Buy rating on SPX today. The company’s shares closed last Tuesday at $234.80.

According to TipRanks.com, Cook is a top 100 analyst with an average return of 19.5% and a 71.7% success rate. Cook covers the Industrial Goods sector, focusing on stocks such as EquipmentShare.com, Inc., Illinois Tool Works, and Aecom Technology. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SPX with a $255.83 average price target, implying a 7.8% upside from current levels. In a report issued on June 2, William Blair also maintained a Buy rating on the stock.

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