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Analysts Offer Insights on Industrial Goods Companies: Acuity Brands (AYI), FedEx Freight Holding Company (FDXF) and Commercial Metals Company (CMC)

Tipranks - Sat Jun 27, 5:56AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Acuity Brands (AYI), FedEx Freight Holding Company (FDXF) and Commercial Metals Company (CMC) with bullish sentiments.

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Acuity Brands (AYI)

Morgan Stanley analyst Christopher Snyder maintained a Buy rating on Acuity Brands yesterday and set a price target of $400.00. The company’s shares closed last Thursday at $359.39.

According to TipRanks.com, Snyder is a 5-star analyst with an average return of 13.9% and a 59.2% success rate. Snyder covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Acuity Brands with a $373.60 average price target, implying a 6.8% upside from current levels. In a report issued on June 23, William Blair also maintained a Buy rating on the stock.

See today’s best-performing stocks on TipRanks >>

FedEx Freight Holding Company (FDXF)

Bank of America Securities analyst Ken Hoexter reiterated a Buy rating on FedEx Freight Holding Company today and set a price target of $187.00. The company’s shares closed last Thursday at $158.53.

According to TipRanks.com, Hoexter is a 3-star analyst with an average return of 1.9% and a 48.6% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian Pacific Kansas City, and Canadian National Railway. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FedEx Freight Holding Company with a $175.00 average price target, an 8.7% upside from current levels. In a report issued on June 23, Jefferies also initiated coverage with a Buy rating on the stock with a $200.00 price target.

Commercial Metals Company (CMC)

In a report released yesterday, Carlos De Alba from Morgan Stanley maintained a Buy rating on Commercial Metals Company, with a price target of $88.00. The company’s shares closed last Thursday at $74.09.

According to TipRanks.com, Alba is a 5-star analyst with an average return of 16.6% and a 57.2% success rate. Alba covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Novagold Resources New, and Nexa Resources SA. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Commercial Metals Company with a $81.44 average price target, which is a 12.4% upside from current levels. In a report issued on June 10, TipRanks – xAI also upgraded the stock to Buy with a $84.00 price target.

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