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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

Tipranks - Thu May 7, 3:24PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Clean Harbors (CLH) and Fastenal Company (FAST) with bullish sentiments.

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Clean Harbors (CLH)

Needham analyst James Ricchiuti reiterated a Buy rating on Clean Harbors today and set a price target of $325.00. The company’s shares closed last Wednesday at $287.92.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 29.5% and a 59.7% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Universal Display. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Clean Harbors with a $317.42 average price target, representing a 4.3% upside. In a report issued on April 23, Truist Financial also maintained a Buy rating on the stock with a $325.00 price target.

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Fastenal Company (FAST)

William Blair analyst Ryan Merkel maintained a Buy rating on Fastenal Company today. The company’s shares closed last Wednesday at $44.71.

According to TipRanks.com, Merkel is a 3-star analyst with an average return of 3.6% and a 50.0% success rate. Merkel covers the Industrial Goods sector, focusing on stocks such as Proficient Auto Logistics, Inc., Global Industrial Company, and SiteOne Landscape Supply. ;'>

Fastenal Company has an analyst consensus of Moderate Buy, with a price target consensus of $48.80, representing an 8.9% upside. In a report issued on April 25, TipRanks – xAI also reiterated a Buy rating on the stock with a $50.00 price target.

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