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Analysts Are Bullish on These Industrial Goods Stocks: Old Dominion Freight (ODFL), Honeywell International (HON)

Tipranks - Tipranks - Fri Apr 24, 11:06AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Old Dominion Freight (ODFL), Honeywell International (HON) and Union Pacific (UNP) with bullish sentiments.

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Old Dominion Freight (ODFL)

Morgan Stanley analyst Ravi Shanker maintained a Buy rating on Old Dominion Freight today and set a price target of $215.00. The company’s shares closed last Thursday at $223.16, close to its 52-week high of $233.26.

According to TipRanks.com, Shanker is a 2-star analyst with an average return of 0.3% and a 49.4% success rate. Shanker covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, Allegiant Travel Company, and United Airlines Holdings. ;'>

Currently, the analyst consensus on Old Dominion Freight is a Hold with an average price target of $208.37, representing a -6.9% downside. In a report issued on April 19, TipRanks – Anthropic also upgraded the stock to Buy with a $240.00 price target.

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Honeywell International (HON)

Evercore ISI analyst Alexander Virgo maintained a Buy rating on Honeywell International today. The company’s shares closed last Thursday at $213.90.

According to TipRanks.com, Virgo is a 4-star analyst with an average return of 7.8% and a 62.1% success rate. Virgo covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Rockwell Automation, and Trane Technologies. ;'>

Currently, the analyst consensus on Honeywell International is a Moderate Buy with an average price target of $256.77, representing a 23.5% upside. In a report issued on April 9, BMO Capital also maintained a Buy rating on the stock with a $273.00 price target.

Union Pacific (UNP)

Evercore ISI analyst Jonathan Chappell maintained a Buy rating on Union Pacific today. The company’s shares closed last Thursday at $266.20.

According to TipRanks.com, Chappell is a 5-star analyst with an average return of 20.7% and a 68.0% success rate. Chappell covers the Industrial Goods sector, focusing on stocks such as Capital Clean Energy Carriers, Canadian Pacific Kansas City, and Canadian National Railway. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Union Pacific with a $284.38 average price target, representing an 8.2% upside. In a report issued on April 17, Benchmark Co. also maintained a Buy rating on the stock with a $275.00 price target.

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