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Analysts Are Bullish on Top Industrial Goods Stocks: GXO Logistics (GXO), GE Aerospace (GE)

Tipranks - Wed Apr 8, 7:46AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on GXO Logistics (GXO), GE Aerospace (GE) and Primoris Services (PRIM) with bullish sentiments.

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GXO Logistics (GXO)

Citi analyst Ariel Rosa maintained a Buy rating on GXO Logistics today and set a price target of $68.00. The company’s shares closed last Monday at $53.02.

According to TipRanks.com, Rosa is a 5-star analyst with an average return of 15.6% and a 73.2% success rate. Rosa covers the Industrial Goods sector, focusing on stocks such as Canadian Pacific Kansas City, Canadian National Railway, and Knight Transportation. ;'>

Currently, the analyst consensus on GXO Logistics is a Strong Buy with an average price target of $70.15.

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GE Aerospace (GE)

In a report released today, Sheila Kahyaoglu from Jefferies maintained a Buy rating on GE Aerospace, with a price target of $375.00. The company’s shares closed last Monday at $288.69.

According to TipRanks.com, Kahyaoglu is a 5-star analyst with an average return of 12.5% and a 58.9% success rate. Kahyaoglu covers the Industrial Goods sector, focusing on stocks such as Voyager Technologies, Inc. Class A, BETA Technologies, Inc. Class A, and United Airlines Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for GE Aerospace with a $361.64 average price target, which is a 28.9% upside from current levels. In a report issued on March 31, Wells Fargo also initiated coverage with a Buy rating on the stock with a $325.00 price target.

Primoris Services (PRIM)

In a report released today, Julien Dumoulin Smith from Jefferies reiterated a Buy rating on Primoris Services, with a price target of $195.00. The company’s shares closed last Monday at $146.68.

According to TipRanks.com, Smith is a 5-star analyst with an average return of 9.2% and a 62.9% success rate. Smith covers the Utilities sector, focusing on stocks such as American Electric Power, Hawaiian Electric, and WEC Energy Group. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Primoris Services with a $175.50 average price target, which is a 19.2% upside from current levels. In a report issued on March 31, Needham also maintained a Buy rating on the stock with a $205.00 price target.

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