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Analysts Offer Insights on Industrial Goods Companies: DroneShield Limited (OtherDRSHF), CryoPort (CYRX) and Deere (DE)

Tipranks - Tipranks - Tue Jun 2, 7:56AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on DroneShield Limited (DRSHF), CryoPort (CYRX) and Deere (DE).

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DroneShield Limited (DRSHF)

Jefferies analyst Will Richardson downgraded DroneShield Limited to Sell today and set a price target of A$2.80. The company’s shares closed last Friday at $2.40.

Currently, the analyst consensus on DroneShield Limited is a Moderate Sell with an average price target of $2.37, representing a 4.9% upside. In a report issued on May 22, Ord Minnett also maintained a Sell rating on the stock with a A$2.28 price target.

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CryoPort (CYRX)

Craig-Hallum analyst Matt Hewitt maintained a Buy rating on CryoPort on May 29. The company’s shares closed last Friday at $15.69.

According to TipRanks.com, Hewitt is a 1-star analyst with an average return of -0.6% and a 43.3% success rate. Hewitt covers the Healthcare sector, focusing on stocks such as Maravai Lifesciences Holdings, Park Dental Partners, Inc., and Dyadic International. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CryoPort with a $14.07 average price target, which is a -7.6% downside from current levels. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Buy with a $17.50 price target.

Deere (DE)

RBC Capital analyst Sabahat Khan maintained a Buy rating on Deere yesterday and set a price target of $752.00. The company’s shares closed last Friday at $542.18.

According to TipRanks.com, Khan is a 4-star analyst with an average return of 6.1% and a 49.5% success rate. Khan covers the Industrial Goods sector, focusing on stocks such as Legence Corp. Class A, Republic Services, and Waste Connections. ;'>

Deere has an analyst consensus of Moderate Buy, with a price target consensus of $655.97, a 22.3% 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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