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Analysts Are Bullish on Top Industrial Goods Stocks: XPO (XPO), Casella Waste (CWST)

Tipranks - Tue May 5, 7:56AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on XPO (XPO), Casella Waste (CWST) and nVent Electric (NVT) with bullish sentiments.

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XPO (XPO)

In a report released today, Stephanie Moore from Jefferies reiterated a Buy rating on XPO, with a price target of $275.00. The company’s shares closed last Friday at $215.28.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 17.1% and a 63.5% success rate. Moore covers the Industrial Goods sector, focusing on stocks such as Capital Clean Energy Carriers, Canadian Pacific Kansas City, and Canadian National Railway. ;'>

Currently, the analyst consensus on XPO is a Moderate Buy with an average price target of $225.89, a 1.5% upside from current levels. In a report issued on May 1, Truist Financial also maintained a Buy rating on the stock with a $240.00 price target.

See the top stocks recommended by analysts >>

Casella Waste (CWST)

In a report released today, James Schumm from TD Cowen reiterated a Buy rating on Casella Waste, with a price target of $130.00. The company’s shares closed last Friday at $86.83, close to its 52-week low of $86.41.

According to TipRanks.com, Schumm is ranked #6205 out of 12226 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Casella Waste with a $115.30 average price target, which is a 35.9% upside from current levels. In a report issued on May 1, Barclays also upgraded the stock to Buy with a $102.00 price target.

nVent Electric (NVT)

In a report released today, Nicole Deblase from Deutsche Bank maintained a Buy rating on nVent Electric, with a price target of $187.00. The company’s shares closed last Friday at $158.92.

According to TipRanks.com, Deblase is a 5-star analyst with an average return of 16.9% and a 59.6% success rate. Deblase covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Vertiv Holdings, and Dover. ;'>

Currently, the analyst consensus on nVent Electric is a Strong Buy with an average price target of $177.91, which is an 8.3% upside from current levels. In a report issued on May 1, William Blair also maintained a Buy rating on the stock.

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