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Analysts’ Top Industrial Goods Picks: Cummins (CMI), Deere (DE)

Tipranks - Sat May 23, 8:44AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Cummins (CMI), Deere (DE) and Seanergy Maritime (SHIP) with bullish sentiments.

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Cummins (CMI)

In a report released today, Angel Castillo from Morgan Stanley reiterated a Buy rating on Cummins, with a price target of $752.00. The company’s shares closed last Friday at $642.97.

According to TipRanks.com, Castillo is a 1-star analyst with an average return of -0.5% and a 48.3% success rate. Castillo covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, WillScot Mobile Mini Holdings, and Lincoln Electric Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cummins with a $749.20 average price target, a 17.3% upside from current levels. In a report issued on May 11, Evercore ISI also maintained a Buy rating on the stock with a $845.00 price target.

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Deere (DE)

In a report released yesterday, Michael Shlisky from D.A. Davidson maintained a Buy rating on Deere, with a price target of $685.00. The company’s shares closed last Friday at $530.54.

According to TipRanks.com, Shlisky is a 4-star analyst with an average return of 5.0% and a 46.7% success rate. Shlisky covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Aebi Schmidt Holding AG, and Custom Truck One Source. ;'>

Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $598.91, which is a 12.7% upside from current levels. In a report issued on May 11, ATB Cormark Capital Markets also maintained a Buy rating on the stock with a C$11.50 price target.

Seanergy Maritime (SHIP)

Noble Financial analyst Mark Reichman maintained a Buy rating on Seanergy Maritime today and set a price target of $21.00. The company’s shares closed last Friday at $15.53.

Reichman has an average return of 58.4% when recommending Seanergy Maritime. ;'>

According to TipRanks.com, Reichman is ranked #11796 out of 12258 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Seanergy Maritime with a $19.00 average price target, a 22.3% upside from current levels. In a report issued on May 8, TipRanks – PerPlexity also upgraded the stock to Buy with a $18.00 price target.

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