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Analysts’ Top Industrial Goods Picks: Core & Main (CNM), Gates Industrial (GTES)

Tipranks - Tipranks - Fri Jun 12, 4:28AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Core & Main (CNM), Gates Industrial (GTES) and The Middleby (MIDD) with bullish sentiments.

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Core & Main (CNM)

Barclays analyst Matthew Bouley maintained a Buy rating on Core & Main today and set a price target of $62.00. The company’s shares closed last Wednesday at $49.44.

According to TipRanks.com, Bouley is a 5-star analyst with an average return of 11.9% and a 56.7% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, Advanced Drainage Systems, and SiteOne Landscape Supply. ;'>

Core & Main has an analyst consensus of Moderate Buy, with a price target consensus of $59.17, a 13.5% upside from current levels. In a report issued on June 2, TipRanks – PerPlexity also upgraded the stock to Buy with a $55.00 price target.

See today’s best-performing stocks on TipRanks >>

Gates Industrial (GTES)

In a report released today, Julian Mitchell from Barclays maintained a Buy rating on Gates Industrial, with a price target of $28.00. The company’s shares closed last Wednesday at $25.33.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 15.7% and a 65.1% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Emerson Electric Company, and Honeywell International. ;'>

Currently, the analyst consensus on Gates Industrial is a Strong Buy with an average price target of $31.00, a 18.5% upside from current levels. In a report released today, TipRanks – DeepSeek also upgraded the stock to Buy with a $30.00 price target.

The Middleby (MIDD)

Barclays analyst Adam Seiden maintained a Buy rating on The Middleby today and set a price target of $190.00. The company’s shares closed last Wednesday at $153.75.

According to TipRanks.com, Seiden is a 5-star analyst with an average return of 11.8% and a 58.5% 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 The Middleby with a $189.00 average price target, a 17.4% upside from current levels. In a report issued on May 29, TipRanks – Google also upgraded the stock to Buy with a $173.00 price target.

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