Wall Street Analysts Are Bullish on Top Industrial Goods Picks

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on GE Aerospace (GE) and APi Group (APG) with bullish sentiments.

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GE Aerospace (GE)

In a report released today, Seth Seifman from J.P. Morgan maintained a Buy rating on GE Aerospace, with a price target of $335.00. The company’s shares closed last Friday at $308.35.

According to TipRanks.com, Seifman is a 5-star analyst with an average return of 16.7% and a 70.9% success rate. Seifman covers the Industrial Goods sector, focusing on stocks such as Voyager Technologies, Inc. Class A, York Space Systems, Inc., and Firefly Aerospace, Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for GE Aerospace with a $361.64 average price target, implying a 15.5% upside from current levels. In a report issued on April 7, Jefferies also maintained a Buy rating on the stock with a $375.00 price target.

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APi Group (APG)

In a report issued on April 10, Nik Modi from RBC Capital maintained a Buy rating on APi Group, with a price target of $53.00. The company’s shares closed last Friday at $44.41.

According to TipRanks.com, Modi is ranked 0 out of 5 stars with an average return of -4.8% and a 43.3% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Mondelez International. ;'>

APi Group has an analyst consensus of Strong Buy, with a price target consensus of $52.00, which is a 17.4% upside from current levels. In a report issued on March 26, J.P. Morgan also assigned a Buy rating to the stock with a $50.00 price target.

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