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Analysts Offer Insights on Industrial Goods Companies: Cummins (CMI), LegalZoom (LZ) and FedEx (FDX)

Tipranks - Sat May 23, 6:36AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Cummins (CMI), LegalZoom (LZ) and FedEx (FDX).

Meet Samuel – Your Personal Investing Prophet

Cummins (CMI)

Bank of America Securities analyst Michael Feniger maintained a Hold rating on Cummins today and set a price target of $731.00. The company’s shares closed last Thursday at $638.78.

According to TipRanks.com, Feniger is a 4-star analyst with an average return of 8.6% and a 58.9% success rate. Feniger covers the Industrial Goods sector, focusing on stocks such as Construction Partners, GFL Environmental, and Republic Services. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cummins with a $749.20 average price target, a 12.8% upside from current levels. In a report issued on May 9, TipRanks – Anthropic also downgraded the stock to Hold with a $731.00 price target.

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LegalZoom (LZ)

In a report released yesterday, Ronald Josey from Citi maintained a Hold rating on LegalZoom, with a price target of $7.50. The company’s shares closed last Thursday at $6.45, close to its 52-week low of $5.33.

According to TipRanks.com, Josey is a 4-star analyst with an average return of 3.0% and a 49.6% success rate. Josey covers the NA sector, focusing on stocks such as Getty Images Holdings, Zillow Group Class A, and IAC/InteractiveCorp. ;'>

LegalZoom has an analyst consensus of Hold, with a price target consensus of $7.77, implying a 23.1% upside from current levels. In a report issued on May 9, TipRanks – PerPlexity also downgraded the stock to Hold with a $6.50 price target.

FedEx (FDX)

In a report released today, Thomas Wadewitz from UBS maintained a Buy rating on FedEx, with a price target of $445.00. The company’s shares closed last Thursday at $388.91.

According to TipRanks.com, Wadewitz is a 4-star analyst with an average return of 8.6% and a 55.2% success rate. Wadewitz covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight. ;'>

FedEx has an analyst consensus of Moderate Buy, with a price target consensus of $421.75, implying an 8.9% upside from current levels. In a report issued on May 14, TipRanks – PerPlexity also upgraded the stock to Buy with a $427.00 price target.

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