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Analysts Offer Insights on Industrial Goods Companies: Boeing (BA) and ITT (ITT)

Tipranks - Wed Jun 17, 5:32AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Boeing (BA) and ITT (ITT) with bullish sentiments.

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Boeing (BA)

In a report released yesterday, David E. Strauss from Wells Fargo maintained a Buy rating on Boeing, with a price target of $250.00. The company’s shares closed last Monday at $228.95.

According to TipRanks.com, Strauss is a 5-star analyst with an average return of 12.7% and a 66.8% success rate. Strauss covers the Industrial Goods sector, focusing on stocks such as Voyager Technologies, Inc. Class A, York Space Systems, Inc., and Rolls-Royce Holdings. ;'>

Boeing has an analyst consensus of Strong Buy, with a price target consensus of $274.14, representing a 21.7% upside. In a report issued on June 4, Jefferies also maintained a Buy rating on the stock with a $295.00 price target.

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ITT (ITT)

TD Cowen analyst Joseph C Giordano maintained a Buy rating on ITT today and set a price target of $235.00. The company’s shares closed last Monday at $195.18.

According to TipRanks.com, Giordano is a 5-star analyst with an average return of 12.6% and a 62.7% success rate. Giordano covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Emerson Electric Company, and Ralliant Corporation. ;'>

Currently, the analyst consensus on ITT is a Strong Buy with an average price target of $250.22, which is a 29.5% upside from current levels. In a report issued on June 5, Bank of America Securities also maintained a Buy rating on the stock.

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