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Analysts’ Top Industrial Goods Picks: GrafTech International (EAF), Enovix (ENVX)

Tipranks - Tue Feb 24, 7:16AM CST

Analysts fell to the sidelines weighing in on GrafTech International (EAFResearch Report) and Enovix (ENVXResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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GrafTech International (EAF)

J.P. Morgan analyst Bennett Moore maintained a Hold rating on GrafTech International yesterday and set a price target of $11.00. The company’s shares closed last Friday at $6.18.

According to TipRanks.com, Moore is a 4-star analyst with an average return of 41.3% and a 92.9% success rate. Moore covers the Basic Materials sector, focusing on stocks such as Reliance Steel, Barrick Mining, and Agnico Eagle. ;'>

GrafTech International has an analyst consensus of Hold, with a price target consensus of $10.33, which is a 63.4% upside from current levels. In a report issued on February 7, TipRanks – PerPlexity also upgraded the stock to Hold with a $8.00 price target.

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Enovix (ENVX)

In a report released yesterday, Bill Peterson from J.P. Morgan maintained a Hold rating on Enovix, with a price target of $10.00. The company’s shares closed last Friday at $5.95, close to its 52-week low of $5.70.

According to TipRanks.com, Peterson is a 4-star analyst with an average return of 8.0% and a 52.6% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Lithium Americas Corp., and Ivanhoe Electric Inc. ;'>

Enovix has an analyst consensus of Moderate Buy, with a price target consensus of $15.33.

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