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Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Johnson Controls (JCI) and Fastenal Company (FAST)

Tipranks - Sat Jan 17, 5:36AM CST

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Johnson Controls (JCIResearch Report) and Fastenal Company (FASTResearch Report).

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Johnson Controls (JCI)

J.P. Morgan analyst Stephen Tusa maintained a Buy rating on Johnson Controls today and set a price target of $138.00. The company’s shares closed last Thursday at $112.95.

According to TipRanks.com, Tusa is a 5-star analyst with an average return of 14.7% and a 66.4% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Johnson Controls with a $133.22 average price target, representing a 17.7% upside. In a report issued on January 7, Melius Research also upgraded the stock to Buy with a $148.00 price target.

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Fastenal Company (FAST)

In a report released today, Patrick Baumann from J.P. Morgan maintained a Hold rating on Fastenal Company, with a price target of $46.00. The company’s shares closed last Thursday at $43.53.

According to TipRanks.com, Baumann is ranked #4484 out of 12040 analysts.

Currently, the analyst consensus on Fastenal Company is a Hold with an average price target of $45.17, representing a 5.6% upside. In a report issued on January 9, Barclays also maintained a Hold rating on the stock with a $44.00 price target.

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