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Analysts’ Top Industrial Goods Picks: Caterpillar (CAT), FedEx (FDX)

Tipranks - Fri Apr 10, 6:44AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Caterpillar (CAT), FedEx (FDX) and Delta Air Lines (DAL) with bullish sentiments.

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Caterpillar (CAT)

Truist Financial analyst Jamie Cook maintained a Buy rating on Caterpillar today. The company’s shares closed last Wednesday at $771.58.

According to TipRanks.com, Cook is a 5-star analyst with an average return of 15.9% and a 67.9% success rate. Cook covers the Industrial Goods sector, focusing on stocks such as EquipmentShare.com, Inc., Illinois Tool Works, and Jacobs Solutions. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $746.19 average price target.

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FedEx (FDX)

In a report released today, Lucas Servera from Truist Financial maintained a Buy rating on FedEx. The company’s shares closed last Wednesday at $373.43.

According to TipRanks.com, Servera is a 4-star analyst with an average return of 18.9% and a 64.8% success rate. Servera covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Old Dominion Freight, and Landstar System. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FedEx with a $404.35 average price target, implying an 11.1% upside from current levels. In a report issued on April 2, Argus Research also maintained a Buy rating on the stock with a $400.00 price target.

Delta Air Lines (DAL)

TD Cowen analyst Thomas Fitzgerald CFA maintained a Buy rating on Delta Air Lines today and set a price target of $84.00. The company’s shares closed last Wednesday at $68.08, close to its 52-week high of $69.98.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 7.0% and a 47.4% success rate. CFA covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, United Airlines Holdings, and Southwest Airlines. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Delta Air Lines with a $80.75 average price target, which is a 10.6% upside from current levels. In a report released yesterday, TipRanks – OpenAI also upgraded the stock to Buy with a $73.00 price target.

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