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Analysts’ Top Industrial Goods Picks: Deere (DE), Performance Shipping (PSHG)

Tipranks - Tipranks - Wed May 27, 6:36AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Deere (DE) and Performance Shipping (PSHG) with bullish sentiments.

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Deere (DE)

In a report issued on May 24, Sabahat Khan from RBC Capital maintained a Buy rating on Deere, with a price target of $752.00. The company’s shares closed last Friday at $529.15.

According to TipRanks.com, Khan is a 4-star analyst with an average return of 5.9% and a 49.1% success rate. Khan covers the Industrial Goods sector, focusing on stocks such as Legence Corp. Class A, Republic Services, and Waste Connections. ;'>

Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $613.99, which is a 15.5% upside from current levels. In a report issued on May 22, TipRanks – xAI also upgraded the stock to Buy with a $587.00 price target.

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Performance Shipping (PSHG)

In a report released today, Poe Fratt from Alliance Global Partners maintained a Buy rating on Performance Shipping, with a price target of $6.50. The company’s shares closed last Friday at $1.65, close to its 52-week low of $1.48.

According to TipRanks.com, Fratt is a 5-star analyst with an average return of 34.0% and a 56.1% success rate. Fratt covers the NA sector, focusing on stocks such as Tsakos Energy Navigation, Vitesse Energy, Inc., and Evolution Petroleum. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Performance Shipping with a $5.75 average price target, representing a 232.4% upside. In a report issued on May 17, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $2.00 price target.

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