This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts’ Top Industrial Goods Picks: Canadian National Railway (CNI), Honeywell International (HON)

Tipranks - Sat Jun 13, 6:36AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Canadian National Railway (CNI), Honeywell International (HON) and Caterpillar (CAT) with bullish sentiments.

Introducing TipRanks MCP for Agents

Canadian National Railway (CNI)

In a report released today, Christian Wetherbee from Wells Fargo maintained a Buy rating on Canadian National Railway, with a price target of $110.00. The company’s shares closed last Thursday at $118.27.

According to TipRanks.com, Wetherbee is a 5-star analyst with an average return of 15.9% and a 64.8% success rate. Wetherbee covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Knight Transportation, and Old Dominion Freight. ;'>

Currently, the analyst consensus on Canadian National Railway is a Moderate Buy with an average price target of $119.29, representing a -0.1% downside. In a report issued on June 5, TD Cowen also maintained a Buy rating on the stock.

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

Honeywell International (HON)

RBC Capital analyst Deane Dray maintained a Buy rating on Honeywell International today and set a price target of $275.00. The company’s shares closed last Thursday at $219.12.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 13.2% and a 62.5% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Atkore International Group, and Emerson Electric Company. ;'>

Honeywell International has an analyst consensus of Moderate Buy, with a price target consensus of $251.54, implying a 21.0% upside from current levels. In a report issued on June 2, TipRanks – Google also upgraded the stock to Buy with a $263.00 price target.

Caterpillar (CAT)

In a report released today, Jerry Revich from Wells Fargo reiterated a Buy rating on Caterpillar. The company’s shares closed last Thursday at $897.63.

According to TipRanks.com, Revich is a 5-star analyst with an average return of 8.8% and a 56.6% success rate. Revich covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, EquipmentShare.com, Inc., and Republic Services. ;'>

Currently, the analyst consensus on Caterpillar is a Moderate Buy with an average price target of $978.40, a 12.2% upside from current levels. In a report issued on June 2, Bank of America Securities also maintained a Buy rating on the stock with a $989.00 price target.

Read More on CNI:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.