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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

Tipranks - Tipranks - Tue Aug 4, 4:54AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Eaton (ETN) and Quanta Services (PWR) with bullish sentiments.

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Eaton (ETN)

KeyBanc analyst Jeffrey Hammond maintained a Buy rating on Eaton today. The company’s shares closed last Friday at $415.20.

According to TipRanks.com, Hammond is a 5-star analyst with an average return of 14.4% and a 63.2% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Forgent Power Solutions, Inc. Class A, Atkore International Group, and Janus International Group. ;'>

Eaton has an analyst consensus of Strong Buy, with a price target consensus of $467.03, representing an 11.2% upside. In a report issued on August 1, TipRanks – Anthropic also upgraded the stock to Buy with a $459.00 price target.

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Quanta Services (PWR)

In a report released today, Marc Bianchi from TD Cowen maintained a Buy rating on Quanta Services, with a price target of $785.00. The company’s shares closed last Friday at $667.36.

According to TipRanks.com, Bianchi is a 4-star analyst with an average return of 5.4% and a 48.0% success rate. Bianchi covers the NA sector, focusing on stocks such as Baker Hughes Company, Liberty Energy, and Halliburton. ;'>

Currently, the analyst consensus on Quanta Services is a Strong Buy with an average price target of $792.87, representing a 16.7% upside. In a report issued on July 20, TipRanks – Anthropic also upgraded the stock to Buy with a $695.00 price target.

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