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Analysts Offer Insights on Industrial Goods Companies: Gates Industrial (GTES), Terex (TEX) and MasTec (MTZ)

Tipranks - Tipranks - Tue May 5, 4:12AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Gates Industrial (GTES), Terex (TEX) and MasTec (MTZ) with bullish sentiments.

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Gates Industrial (GTES)

Barclays analyst Julian Mitchell maintained a Buy rating on Gates Industrial today and set a price target of $28.00. The company’s shares closed last Friday at $24.06.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 16.8% and a 63.6% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker. ;'>

Currently, the analyst consensus on Gates Industrial is a Strong Buy with an average price target of $31.38, a 26.3% upside from current levels. In a report issued on April 29, TipRanks – xAI also upgraded the stock to Buy with a $28.00 price target.

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Terex (TEX)

Barclays analyst Adam Seiden maintained a Buy rating on Terex today and set a price target of $65.00. The company’s shares closed last Friday at $61.87.

According to TipRanks.com, Seiden is a 5-star analyst with an average return of 13.2% and a 61.7% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Legence Corp. Class A, and Manitowoc Company. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Terex with a $75.71 average price target, implying a 28.3% upside from current levels. In a report issued on April 20, TipRanks – xAI also upgraded the stock to Buy with a $68.00 price target.

MasTec (MTZ)

In a report released today, Sangita Jain from KeyBanc maintained a Buy rating on MasTec. The company’s shares closed last Friday at $417.41.

According to TipRanks.com, Jain is a 5-star analyst with an average return of 21.8% and a 56.3% success rate. Jain covers the Industrial Goods sector, focusing on stocks such as Sterling Infrastructure, Ballard Power Systems, and Jacobs Solutions. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MasTec with a $385.80 average price target, implying a -5.2% downside from current levels. In a report issued on April 20, TipRanks – xAI also upgraded the stock to Buy with a $410.00 price target.

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