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Analysts Are Bullish on These Industrial Goods Stocks: Caterpillar (CAT), Cimpress (CMPR)

Tipranks - Sat May 2, 6:52AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Caterpillar (CAT), Cimpress (CMPR) and Builders Firstsource (BLDR) with bullish sentiments.

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Caterpillar (CAT)

In a report released today, Jamie Cook from Truist Financial reiterated a Buy rating on Caterpillar, with a price target of $1043.00. The company’s shares closed last Thursday at $890.11.

According to TipRanks.com, Cook is a 5-star analyst with an average return of 17.9% and a 70.0% success rate. Cook covers the Industrial Goods sector, focusing on stocks such as EquipmentShare.com, Inc., Illinois Tool Works, and Jacobs Solutions. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $868.00 average price target, which is a 1.3% upside from current levels. In a report issued on April 20, Bank of America Securities also maintained a Buy rating on the stock with a $825.00 price target.

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Cimpress (CMPR)

In a report released today, Youssef Squali from Truist Financial maintained a Buy rating on Cimpress, with a price target of $110.00. The company’s shares closed last Thursday at $88.46.

According to TipRanks.com, Squali is a 4-star analyst with an average return of 6.0% and a 49.3% success rate. Squali covers the Technology sector, focusing on stocks such as ODDITY Tech Ltd. Class A, DoubleVerify Holdings, and Uber Technologies. ;'>

Currently, the analyst consensus on Cimpress is a Moderate Buy with an average price target of $102.50, which is a 19.4% upside from current levels. In a report issued on April 23, TipRanks – PerPlexity also upgraded the stock to Buy with a $91.00 price target.

Builders Firstsource (BLDR)

In a report released today, Keith Hughes from Truist Financial maintained a Buy rating on Builders Firstsource, with a price target of $115.00. The company’s shares closed last Thursday at $79.09.

According to TipRanks.com, Hughes is a 5-star analyst with an average return of 18.2% and a 62.3% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, SiteOne Landscape Supply, and Carlisle Companies. ;'>

Currently, the analyst consensus on Builders Firstsource is a Moderate Buy with an average price target of $105.47, a 26.3% upside from current levels. In a report issued on April 20, RBC Capital also maintained a Buy rating on the stock with a $110.00 price target.

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