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Analysts Have Conflicting Sentiments on These Industrial Goods Companies: FedEx (FDX) and Johnson Controls (JCI)

Tipranks - Wed Jun 3, 6:52AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on FedEx (FDX) and Johnson Controls (JCI).

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FedEx (FDX)

Bank of America Securities analyst Ken Hoexter reiterated a Buy rating on FedEx today and set a price target of $376.00. The company’s shares closed last Monday at $338.49.

According to TipRanks.com, Hoexter is a 3-star analyst with an average return of 1.7% and a 48.9% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian Pacific Kansas City, and Canadian National Railway. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for FedEx with a $418.45 average price target, implying a 28.7% upside from current levels. In a report issued on May 27, J.P. Morgan also upgraded the stock to Buy with a $460.00 price target.

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Johnson Controls (JCI)

RBC Capital analyst Deane Dray maintained a Hold rating on Johnson Controls yesterday and set a price target of $154.00. The company’s shares closed last Monday at $133.91.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 13.7% and a 62.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Atkore International Group, and Emerson Electric Company. ;'>

Currently, the analyst consensus on Johnson Controls is a Moderate Buy with an average price target of $151.00.

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