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Analysts Offer Insights on Industrial Goods Companies: RTX (RTX) and CNH Industrial (CNH)

Tipranks - Fri Jan 16, 10:56AM CST

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on RTX (RTXResearch Report) and CNH Industrial (CNHResearch Report).

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RTX (RTX)

UBS analyst Gavin Parsons maintained a Hold rating on RTX today and set a price target of $199.00. The company’s shares closed last Thursday at $198.58.

According to TipRanks.com, Parsons is a 5-star analyst with an average return of 14.4% and a 77.1% success rate. Parsons covers the Industrial Goods sector, focusing on stocks such as Amentum Holdings, Inc., L3Harris Technologies, and StandardAero, Inc. ;'>

Currently, the analyst consensus on RTX is a Moderate Buy with an average price target of $198.92, implying a 0.0% downside from current levels. In a report issued on January 6, Bernstein also maintained a Hold rating on the stock with a $189.00 price target.

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CNH Industrial (CNH)

In a report released today, Ted Jackson from Northland Securities maintained a Buy rating on CNH Industrial, with a price target of $16.00. The company’s shares closed last Thursday at $10.85.

According to TipRanks.com, Jackson is a 5-star analyst with an average return of 30.4% and a 50.4% success rate. Jackson covers the Industrial Goods sector, focusing on stocks such as Hyster-Yale Materials Handling, Mayville Engineering Company, and Amprius Technologies Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CNH Industrial with a $12.38 average price target, a 15.5% upside from current levels. In a report released yesterday, Goldman Sachs also upgraded the stock to Buy with a $13.00 price target.

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