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Analysts Offer Insights on Industrial Goods Companies: ArcBest (ARCB), RTX (RTX) and Dover (DOV)

Tipranks - Wed Apr 8, 9:54AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on ArcBest (ARCB), RTX (RTX) and Dover (DOV).

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ArcBest (ARCB)

J.P. Morgan analyst Brian Ossenbeck maintained a Hold rating on ArcBest today and set a price target of $85.00. The company’s shares closed last Tuesday at $104.41.

According to TipRanks.com, Ossenbeck is a 4-star analyst with an average return of 7.5% and a 51.7% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcBest with a $102.09 average price target, a -1.1% downside from current levels. In a report issued on April 4, TipRanks – xAI also reiterated a Hold rating on the stock with a $106.00 price target.

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RTX (RTX)

Bank of America Securities analyst Ronald Epstein maintained a Buy rating on RTX today. The company’s shares closed last Tuesday at $197.66.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 21.2% and a 63.0% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, L3Harris Technologies, and StandardAero, Inc. ;'>

Currently, the analyst consensus on RTX is a Moderate Buy with an average price target of $225.17, implying a 14.1% upside from current levels. In a report issued on March 24, Erste Group also initiated coverage with a Buy rating on the stock.

Dover (DOV)

In a report released today, Andrew Obin from Bank of America Securities maintained a Buy rating on Dover. The company’s shares closed last Tuesday at $206.68.

According to TipRanks.com, Obin is a 5-star analyst with an average return of 18.2% and a 66.7% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Montrose Environmental Group, Emerson Electric Company, and Honeywell International. ;'>

Currently, the analyst consensus on Dover is a Moderate Buy with an average price target of $232.18.

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