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Analysts Offer Insights on Industrial Goods Companies: Eaton (ETN) and Orion Energy Systems (OESX)

Tipranks - Thu Mar 26, 10:04AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Eaton (ETN) and Orion Energy Systems (OESX) 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 Wednesday at $375.59, close to its 52-week high of $379.99.

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. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Eaton with a $397.78 average price target, a 5.1% upside from current levels. In a report issued on March 16, Jefferies also initiated coverage with a Buy rating on the stock with a $430.00 price target.

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Orion Energy Systems (OESX)

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Orion Energy Systems. The company’s shares closed last Wednesday at $10.50.

According to TipRanks.com, Stine is a 5-star analyst with an average return of 11.4% and a 39.9% success rate. Stine covers the Industrial Goods sector, focusing on stocks such as Amprius Technologies Inc, American Superconductor, and PureCycle Technologies. ;'>

Currently, the analyst consensus on Orion Energy Systems is a Moderate Buy with an average price target of $20.00.

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