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Analysts Are Bullish on Top Industrial Goods Stocks: CSX (CSX), Graham (GHM)

Tipranks - Thu Jun 18, 6:22AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on CSX (CSX) and Graham (GHM) with bullish sentiments.

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CSX (CSX)

In a report released yesterday, Ken Hoexter from Bank of America Securities reiterated a Buy rating on CSX, with a price target of $53.00. The company’s shares closed last Tuesday at $46.90.

According to TipRanks.com, Hoexter is a 4-star analyst with an average return of 2.8% and a 50.6% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, FedEx Freight Holding Company, and Canadian Pacific Kansas City. ;'>

Currently, the analyst consensus on CSX is a Moderate Buy with an average price target of $45.95, a -3.5% downside from current levels. In a report issued on June 12, RBC Capital also maintained a Buy rating on the stock with a $47.00 price target.

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Graham (GHM)

Northland Securities analyst Bobby Brooks maintained a Buy rating on Graham today and set a price target of $111.00. The company’s shares closed last Tuesday at $113.45.

According to TipRanks.com, Brooks is a 5-star analyst with an average return of 39.9% and a 71.5% success rate. Brooks covers the Industrial Goods sector, focusing on stocks such as Innovative Solutions And Support, Tetra Technologies, and Ceco Environmental. ;'>

Graham has an analyst consensus of Strong Buy, with a price target consensus of $112.00, which is a 2.0% upside from current levels. In a report issued on June 9, Oppenheimer also maintained a Buy rating on the stock with a $110.00 price target.

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