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Analysts Offer Insights on Industrial Goods Companies: Konica Minolta (OtherKNCAF), Cummins (CMI) and Norfolk Southern (NSC)

Tipranks - Sat Feb 7, 4:34AM CST

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Konica Minolta (KNCAFResearch Report), Cummins (CMIResearch Report) and Norfolk Southern (NSCResearch Report).

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Konica Minolta (KNCAF)

Jefferies analyst Masahiro Nakanomyo maintained a Buy rating on Konica Minolta today and set a price target of Yen800.00. The company’s shares closed last Tuesday at $2.90, close to its 52-week low of $2.67.

According to TipRanks.com, Nakanomyo is a 5-star analyst with an average return of 21.2% and a 62.5% success rate. Nakanomyo covers the Technology sector, focusing on stocks such as Hamamatsu Photonics KK, SCREEN Holdings Co, and Tokyo Electron. ;'>

Konica Minolta has an analyst consensus of Hold, with a price target consensus of $4.02.

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Cummins (CMI)

In a report released today, Michael Feniger from Bank of America Securities reiterated a Hold rating on Cummins, with a price target of $540.00. The company’s shares closed last Thursday at $540.65.

According to TipRanks.com, Feniger is a 5-star analyst with an average return of 11.6% and a 65.1% success rate. Feniger covers the Industrial Goods sector, focusing on stocks such as Construction Partners, Republic Services, and Waste Connections. ;'>

Currently, the analyst consensus on Cummins is a Moderate Buy with an average price target of $578.75, representing a 2.5% upside. In a report issued on January 26, Wolfe Research also downgraded the stock to Hold.

Norfolk Southern (NSC)

In a report released today, Thomas Wadewitz from UBS downgraded Norfolk Southern to Hold, with a price target of $342.00. The company’s shares closed last Thursday at $306.91.

According to TipRanks.com, Wadewitz is a 4-star analyst with an average return of 7.4% and a 55.6% success rate. Wadewitz covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Expeditors International, and Knight Transportation. ;'>

Norfolk Southern has an analyst consensus of Moderate Buy, with a price target consensus of $309.25, implying a 0.7% upside from current levels. In a report issued on January 29, TipRanks – Google also downgraded the stock to Hold with a $307.00 price target.

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