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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

Tipranks - Thu Mar 19, 8:55AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Orion Group Holdings (ORNResearch Report), Boeing (BAResearch Report) and Copa Holdings (CPAResearch Report) with bullish sentiments.

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Orion Group Holdings (ORN)

Craig-Hallum analyst Aaron Spychalla maintained a Buy rating on Orion Group Holdings today. The company’s shares closed last Wednesday at $10.10.

According to TipRanks.com, Spychalla is a 5-star analyst with an average return of 16.5% and a 56.0% success rate. Spychalla covers the Industrial Goods sector, focusing on stocks such as Babcock & Wilcox Company, Bowman Consulting Group, and Thermon Group Holdings. ;'>

Orion Group Holdings has an analyst consensus of Strong Buy, with a price target consensus of $16.67, representing a 62.8% upside. In a report issued on March 5, B. Riley Securities also maintained a Buy rating on the stock with a $17.00 price target.

See the top stocks recommended by analysts >>

Boeing (BA)

In a report released today, Ronald Epstein from Bank of America Securities maintained a Buy rating on Boeing. The company’s shares closed last Wednesday at $209.62.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 21.2% and a 63.0% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, L3Harris Technologies, and StandardAero, Inc. ;'>

Currently, the analyst consensus on Boeing is a Strong Buy with an average price target of $277.00, which is a 31.4% upside from current levels. In a report issued on March 6, Jefferies also maintained a Buy rating on the stock with a $295.00 price target.

Copa Holdings (CPA)

In a report released today, Rogerio Araujo from Bank of America Securities maintained a Buy rating on Copa Holdings. The company’s shares closed last Wednesday at $113.03, close to its 52-week high of $114.00.

Araujo has an average return of 14.6% when recommending Copa Holdings. ;'>

According to TipRanks.com, Araujo is ranked #1993 out of 12128 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Copa Holdings with a $167.86 average price target, representing a 44.5% upside. In a report issued on March 4, TipRanks – xAI also upgraded the stock to Buy with a $150.00 price target.

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