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Analysts Offer Insights on Industrial Goods Companies: Cargojet (OtherCGJTF) and Southwest Airlines (LUV)

Tipranks - Tue Apr 14, 4:51PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Cargojet (CGJTF) and Southwest Airlines (LUV) with bullish sentiments.

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Cargojet (CGJTF)

RBC Capital analyst Walter Spracklin maintained a Buy rating on Cargojet today and set a price target of C$140.00. The company’s shares closed last Friday at $59.27, close to its 52-week low of $57.76.

According to TipRanks.com, Spracklin is a 5-star analyst with an average return of 17.7% and a 68.6% success rate. Spracklin covers the Industrial Goods sector, focusing on stocks such as Canadian Pacific Kansas City, Canadian National Railway, and TFI International. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cargojet with a $84.79 average price target, representing a 43.1% upside. In a report issued on April 2, CIBC also maintained a Buy rating on the stock with a C$122.00 price target.

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Southwest Airlines (LUV)

In a report released yesterday, Daniel Mckenzie from Seaport Global reiterated a Buy rating on Southwest Airlines. The company’s shares closed last Monday at $39.45.

According to TipRanks.com, Mckenzie is a 3-star analyst with an average return of 1.5% and a 49.5% success rate. Mckenzie covers the Industrial Goods sector, focusing on stocks such as Allegiant Travel Company, United Airlines Holdings, and Frontier Group Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Southwest Airlines with a $48.15 average price target, representing a 24.4% upside. In a report issued on April 2, TD Cowen also maintained a Buy rating on the stock with a $46.00 price target.

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