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Analysts Are Bullish on Top Industrial Goods Stocks: Dover (DOV), TopBuild (BLD)

Tipranks - Tue Apr 21, 7:22AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Dover (DOV), TopBuild (BLD) and QXO Inc (QXO) with bullish sentiments.

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Dover (DOV)

Oppenheimer analyst Bryan Blair maintained a Buy rating on Dover today and set a price target of $242.00. The company’s shares closed last Friday at $219.07, close to its 52-week high of $222.31.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 19.3% and a 66.7% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Advanced Drainage Systems, and Watts Water Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dover with a $233.36 average price target, which is an 8.0% upside from current levels. In a report issued on April 7, Bank of America Securities also maintained a Buy rating on the stock.

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TopBuild (BLD)

In a report released today, Kurt Yinger from D.A. Davidson maintained a Buy rating on TopBuild. The company’s shares closed last Friday at $410.31.

According to TipRanks.com, Yinger is a 4-star analyst with an average return of 13.6% and a 60.9% success rate. Yinger covers the Industrial Goods sector, focusing on stocks such as Builders Firstsource, Louisiana-Pacific, and Bluelinx Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TopBuild with a $445.00 average price target, representing a 12.2% upside. In a report issued on April 6, TipRanks – PerPlexity also upgraded the stock to Buy with a $402.00 price target.

QXO Inc (QXO)

In a report released today, Scott Schneeberger from Oppenheimer reiterated a Buy rating on QXO Inc, with a price target of $30.00. The company’s shares closed last Friday at $25.00, close to its 52-week low of $10.61.

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 12.1% and a 60.0% success rate. Schneeberger covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, EquipmentShare.com, Inc., and Target Hospitality. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for QXO Inc with a $33.43 average price target, implying a 34.0% upside from current levels. In a report issued on April 6, RBC Capital also maintained a Buy rating on the stock with a $28.00 price target.

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