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Analysts’ Top Industrial Goods Picks: Carrier Global (CARR), Serve Robotics Inc (SERV)

Tipranks - Tipranks - Sat Mar 28, 10:08PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Carrier Global (CARR) and Serve Robotics Inc (SERV) with bullish sentiments.

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Carrier Global (CARR)

RBC Capital analyst Deane Dray maintained a Buy rating on Carrier Global on March 26 and set a price target of $74.00. The company’s shares closed last Friday at $54.25, close to its 52-week low of $53.33.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 12.8% and a 60.3% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carrier Global with a $71.64 average price target, representing a 30.5% upside. In a report issued on March 26, Jefferies also maintained a Buy rating on the stock with a $90.00 price target.

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Serve Robotics Inc (SERV)

In a report issued on March 26, Colin Rusch from Oppenheimer reiterated a Buy rating on Serve Robotics Inc, with a price target of $20.00. The company’s shares closed last Friday at $8.32.

According to TipRanks.com, Rusch is a 5-star analyst with an average return of 38.4% and a 45.0% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, GE Vernova Inc., and Electrovaya. ;'>

Serve Robotics Inc has an analyst consensus of Strong Buy, with a price target consensus of $21.33, implying a 138.9% upside from current levels. In a report issued on March 12, Northland Securities also maintained a Buy rating on the stock with a $26.00 price target.

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