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Analysts Offer Insights on Industrial Goods Companies: Boeing (BA), JB Hunt (JBHT) and Illinois Tool Works (ITW)

Tipranks - Sat May 2, 5:48AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Boeing (BA), JB Hunt (JBHT) and Illinois Tool Works (ITW).

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Boeing (BA)

Bank of America Securities analyst Ronald Epstein reiterated a Buy rating on Boeing today and set a price target of $270.00. The company’s shares closed last Thursday at $229.03.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 19.3% and a 61.5% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, L3Harris Technologies, and Huntington Ingalls. ;'>

Currently, the analyst consensus on Boeing is a Strong Buy with an average price target of $274.27, implying a 21.4% upside from current levels. In a report issued on April 20, Bernstein also maintained a Buy rating on the stock with a $298.00 price target.

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JB Hunt (JBHT)

In a report released today, Ken Hoexter from Bank of America Securities maintained a Buy rating on JB Hunt, with a price target of $280.00. The company’s shares closed last Thursday at $251.53.

According to TipRanks.com, Hoexter is a 3-star analyst with an average return of 1.6% and a 48.9% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian Pacific Kansas City, and Canadian National Railway. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JB Hunt with a $237.65 average price target, representing a -4.1% downside. In a report issued on April 16, TipRanks – OpenAI also upgraded the stock to Buy with a $253.00 price target.

Illinois Tool Works (ITW)

Bank of America Securities analyst Andrew Obin reiterated a Hold rating on Illinois Tool Works today and set a price target of $300.00. The company’s shares closed last Thursday at $258.01.

According to TipRanks.com, Obin is a top 100 analyst with an average return of 21.1% and a 69.9% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Applied Industrial Technologies, Montrose Environmental Group, and Emerson Electric Company. ;'>

Illinois Tool Works has an analyst consensus of Hold, with a price target consensus of $275.44, a 10.2% upside from current levels. In a report issued on April 18, TipRanks – Anthropic also downgraded the stock to Hold with a $283.00 price target.

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