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Analysts Offer Insights on Industrial Goods Companies: Carpenter Technology (CRS) and RELX plc (OtherRLXXF)

Tipranks - Sat Jan 17, 2:40PM CST

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Carpenter Technology (CRSResearch Report) and RELX plc (RLXXFResearch Report) with bullish sentiments.

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Carpenter Technology (CRS)

TD Cowen analyst Gautam Khanna maintained a Buy rating on Carpenter Technology on January 13 and set a price target of $380.00. The company’s shares closed last Friday at $333.24.

According to TipRanks.com, Khanna is a top 25 analyst with an average return of 21.3% and a 75.7% success rate. Khanna covers the Industrial Goods sector, focusing on stocks such as Honeywell International, L3Harris Technologies, and Huntington Ingalls. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carpenter Technology with a $389.67 average price target, implying a 14.7% upside from current levels. In a report released yesterday, TipRanks – Google also reiterated a Buy rating on the stock with a $363.00 price target.

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RELX plc (RLXXF)

In a report released today, Daniel Kerven from J.P. Morgan reiterated a Buy rating on RELX plc, with a price target of p5070.00. The company’s shares closed last Friday at $42.12.

Kerven has an average return of 16.6% when recommending RELX plc. ;'>

According to TipRanks.com, Kerven is ranked #1432 out of 12040 analysts.

Currently, the analyst consensus on RELX plc is a Strong Buy with an average price target of $56.13, implying a 40.4% upside from current levels. In a report issued on January 12, UBS also maintained a Buy rating on the stock with a p4570.00 price target.

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