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Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Dolby Laboratories (DLB), Trane Technologies (TT) and Dover (DOV)

Tipranks - Sat Jan 31, 7:44AM CST

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Dolby Laboratories (DLBResearch Report), Trane Technologies (TTResearch Report) and Dover (DOVResearch Report).

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Dolby Laboratories (DLB)

William Blair analyst Ralph Schackart maintained a Buy rating on Dolby Laboratories today. The company’s shares closed last Thursday at $63.03.

According to TipRanks.com, Schackart is a 5-star analyst with an average return of 13.8% and a 56.5% success rate. Schackart covers the NA sector, focusing on stocks such as NerdWallet, Inc. Class A, Alphabet Class C, and Meta Platforms. ;'>

Currently, the analyst consensus on Dolby Laboratories is a Strong Buy with an average price target of $87.50, representing a 43.2% upside. In a report released today, TipRanks – Google also upgraded the stock to Buy with a $67.00 price target.

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Trane Technologies (TT)

KeyBanc analyst Jeffrey Hammond reiterated a Buy rating on Trane Technologies today and set a price target of $500.00. The company’s shares closed last Thursday at $426.07.

According to TipRanks.com, Hammond is a 5-star analyst with an average return of 11.9% and a 62.1% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Janus International Group, and Advanced Drainage Systems. ;'>

Currently, the analyst consensus on Trane Technologies is a Moderate Buy with an average price target of $470.33, a 12.5% upside from current levels. In a report issued on January 20, Oppenheimer also upgraded the stock to Buy with a $460.00 price target.

Dover (DOV)

In a report released yesterday, Deane Dray from RBC Capital maintained a Hold rating on Dover, with a price target of $209.00. The company’s shares closed last Thursday at $202.53.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 13.4% and a 62.2% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International. ;'>

Dover has an analyst consensus of Moderate Buy, with a price target consensus of $225.80, representing an 8.3% upside. In a report issued on January 14, Morgan Stanley also maintained a Hold rating on the stock with a $195.00 price target.

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