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Analysts Offer Insights on Industrial Goods Companies: Acuity Brands (AYI), American Airlines (AAL) and ABM Industries (ABM)

Tipranks - Thu Jul 2, 8:06AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Acuity Brands (AYI), American Airlines (AAL) and ABM Industries (ABM) with bullish sentiments.

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Acuity Brands (AYI)

In a report released today, Christopher Snyder from Morgan Stanley maintained a Buy rating on Acuity Brands, with a price target of $410.00. The company’s shares closed last Tuesday at $376.66.

According to TipRanks.com, Snyder is a 5-star analyst with an average return of 15.7% and a 62.1% success rate. Snyder covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker. ;'>

Acuity Brands has an analyst consensus of Moderate Buy, with a price target consensus of $375.60, a 1.6% upside from current levels. In a report issued on June 23, William Blair also maintained a Buy rating on the stock.

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American Airlines (AAL)

In a report released today, David Vernon from Bernstein maintained a Buy rating on American Airlines, with a price target of $23.00. The company’s shares closed last Tuesday at $18.07, close to its 52-week high of $19.10.

According to TipRanks.com, Vernon is a 5-star analyst with an average return of 14.0% and a 68.8% success rate. Vernon covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, United Airlines Holdings, and Southwest Airlines. ;'>

American Airlines has an analyst consensus of Moderate Buy, with a price target consensus of $18.18, representing a 1.5% upside. In a report issued on June 23, UBS also assigned a Buy rating to the stock with a $21.00 price target.

ABM Industries (ABM)

Maxim Group analyst Tate Sullivan reiterated a Buy rating on ABM Industries today and set a price target of $54.00. The company’s shares closed last Tuesday at $44.24, close to its 52-week low of $42.63.

According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 4.6% and a 45.6% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Cheetah Net Supply Chain Service, Inc. Class A, Heidmar Maritime Holdings Corp., and American Battery Technology. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for ABM Industries with a $49.00 average price target.

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