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Analysts Are Bullish on Top Industrial Goods Stocks: Vertiv Holdings (VRT), ESAB Corporation (ESAB)

Tipranks - Wed Apr 15, 8:21AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Vertiv Holdings (VRT), ESAB Corporation (ESAB) and Caterpillar (CAT) with bullish sentiments.

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Vertiv Holdings (VRT)

Oppenheimer analyst Noah Kaye maintained a Buy rating on Vertiv Holdings today and set a price target of $320.00. The company’s shares closed last Monday at $299.96.

According to TipRanks.com, Kaye is a 5-star analyst with an average return of 18.8% and a 66.7% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Lennox International, Rockwell Automation, and Trane Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vertiv Holdings with a $299.00 average price target, representing a 1.4% upside. In a report released today, Exane BNP Paribas also initiated coverage with a Buy rating on the stock with a $345.00 price target.

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ESAB Corporation (ESAB)

Oppenheimer analyst Bryan Blair maintained a Buy rating on ESAB Corporation today and set a price target of $140.00. The company’s shares closed last Monday at $102.39.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 19.2% and a 67.4% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Lincoln Electric Holdings, and Watts Water Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ESAB Corporation with a $139.83 average price target, a 38.7% upside from current levels. In a report issued on March 31, Jefferies also initiated coverage with a Buy rating on the stock with a $130.00 price target.

Caterpillar (CAT)

Oppenheimer analyst Kristen Owen maintained a Buy rating on Caterpillar today and set a price target of $832.00. The company’s shares closed last Monday at $791.73.

According to TipRanks.com, Owen is a 4-star analyst with an average return of 7.4% and a 54.3% success rate. Owen covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Green Plains, and Mosaic Co. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $754.63 average price target, which is a -4.3% downside from current levels. In a report issued on April 9, Truist Financial also maintained a Buy rating on the stock.

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