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Analysts’ Top Industrial Goods Picks: Eaton (ETN), UL Solutions Inc. Class A (ULS)

Tipranks - Fri Feb 20, 8:36AM CST

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Eaton (ETNResearch Report) and UL Solutions Inc. Class A (ULSResearch Report) with bullish sentiments.

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Eaton (ETN)

In a report released today, Andrew Obin from Bank of America Securities maintained a Buy rating on Eaton. The company’s shares closed last Thursday at $379.33, close to its 52-week high of $379.99.

According to TipRanks.com, Obin is a top 100 analyst with an average return of 19.2% and a 70.0% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Rockwell Automation. ;'>

Eaton has an analyst consensus of Strong Buy, with a price target consensus of $391.78, a 3.0% upside from current levels. In a report issued on February 4, Morgan Stanley also maintained a Buy rating on the stock with a $425.00 price target.

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UL Solutions Inc. Class A (ULS)

In a report released today, Andrew Nicholas from William Blair maintained a Buy rating on UL Solutions Inc. Class A. The company’s shares closed last Thursday at $74.63.

According to TipRanks.com, Nicholas has 0 stars on 0-5 stars ranking scale with an average return of -14.3% and a 26.8% success rate. Nicholas covers the Industrial Goods sector, focusing on stocks such as Andersen Group, Inc. Class A, Forrester Research, and Verisk Analytics. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for UL Solutions Inc. Class A with a $89.33 average price target, representing a 25.4% upside. In a report issued on February 17, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $86.00 price target.

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