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Analysts’ Top Industrial Goods Picks: Generac Holdings (GNRC), JBT Marel (JBTM)

Tipranks - Fri Jun 5, 4:12AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Generac Holdings (GNRC) and JBT Marel (JBTM) with bullish sentiments.

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Generac Holdings (GNRC)

William Blair analyst Brian Drab maintained a Buy rating on Generac Holdings yesterday. The company’s shares closed last Wednesday at $285.31.

According to TipRanks.com, Drab is a 5-star analyst with an average return of 40.7% and a 76.2% success rate. Drab covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings, Donaldson Company, and Vertiv Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Generac Holdings with a $274.25 average price target, representing a -3.6% downside. In a report issued on May 22, Jefferies also upgraded the stock to Buy with a $302.00 price target.

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JBT Marel (JBTM)

William Blair analyst Ross Sparenblek maintained a Buy rating on JBT Marel yesterday. The company’s shares closed last Wednesday at $126.61.

According to TipRanks.com, Sparenblek is a 5-star analyst with an average return of 20.3% and a 70.0% success rate. Sparenblek covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Standex International, and Enerpac Tool Group. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JBT Marel with a $146.50 average price target, a 14.6% upside from current levels. In a report issued on May 21, Oppenheimer also initiated coverage with a Buy rating on the stock with a $175.00 price target.

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