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Analysts Are Bullish on These Industrial Goods Stocks: HEICO (HEI), Knight Transportation (KNX)

Tipranks - Fri May 29, 4:28AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on HEICO (HEI) and Knight Transportation (KNX) with bullish sentiments.

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HEICO (HEI)

In a report released yesterday, Ronald Epstein from Bank of America Securities maintained a Buy rating on HEICO, with a price target of $400.00. The company’s shares closed last Wednesday at $309.40.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 19.2% and a 62.5% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, Howmet Aerospace, and Northrop Grumman. ;'>

HEICO has an analyst consensus of Moderate Buy, with a price target consensus of $355.14, which is a 14.8% upside from current levels. In a report issued on May 13, Rothschild & Co Redburn also initiated coverage with a Buy rating on the stock with a $360.00 price target.

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Knight Transportation (KNX)

In a report released yesterday, Ken Hoexter from Bank of America Securities reiterated a Buy rating on Knight Transportation, with a price target of $84.00. The company’s shares closed last Wednesday at $74.18.

According to TipRanks.com, Hoexter is a 3-star analyst with an average return of 1.8% and a 49.7% 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. ;'>

Knight Transportation has an analyst consensus of Strong Buy, with a price target consensus of $73.00, which is a 0.7% upside from current levels. In a report issued on May 15, TipRanks – Google also upgraded the stock to Buy with a $75.00 price target.

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