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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

Tipranks - Sat Jun 6, 8:44AM CDT

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

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Knight Transportation (KNX)

Wells Fargo analyst Christian Wetherbee assigned a Buy rating to Knight Transportation today and set a price target of $86.00. The company’s shares closed last Friday at $77.85.

According to TipRanks.com, Wetherbee is a 5-star analyst with an average return of 15.5% and a 63.5% success rate. Wetherbee covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Old Dominion Freight, and Southwest Airlines. ;'>

Currently, the analyst consensus on Knight Transportation is a Strong Buy with an average price target of $76.37, which is a -2.8% downside from current levels. In a report issued on June 2, Susquehanna also upgraded the stock to Buy with a $90.00 price target.

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Alaska Air (ALK)

The company’s shares closed last Friday at $42.49.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 13.9% and a 64.5% success rate. CFA covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Southwest Airlines, and American Airlines. ;'>

Currently, the analyst consensus on Alaska Air is a Strong Buy with an average price target of $53.56, representing a 25.5% upside. In a report issued on May 26, UBS also maintained a Buy rating on the stock with a $56.00 price target.

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