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Analysts Offer Insights on Industrial Goods Companies: Paccar (PCAR), Waste Connections (WCN) and QXO Inc (QXO)

Tipranks - Fri Jun 26, 5:56AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Paccar (PCAR), Waste Connections (WCN) and QXO Inc (QXO) with bullish sentiments.

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Paccar (PCAR)

Bernstein analyst Chad Dillard maintained a Buy rating on Paccar today and set a price target of $138.00. The company’s shares closed last Wednesday at $117.03.

According to TipRanks.com, Dillard is a 4-star analyst with an average return of 9.9% and a 64.7% success rate. Dillard covers the Industrial Goods sector, focusing on stocks such as Legence Corp. Class A, Jacobs Solutions, and Quanta Services. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paccar with a $132.11 average price target.

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Waste Connections (WCN)

Bernstein analyst Connor Cerniglia maintained a Buy rating on Waste Connections today and set a price target of $205.00. The company’s shares closed last Wednesday at $166.45.

According to TipRanks.com, Cerniglia is a 1-star analyst with an average return of -1.5% and a 38.1% success rate. Cerniglia covers the Industrial Goods sector, focusing on stocks such as Republic Services, Fastenal Company, and Waste Management. ;'>

Waste Connections has an analyst consensus of Strong Buy, with a price target consensus of $200.83, which is a 25.8% upside from current levels. In a report issued on June 12, Wells Fargo also maintained a Buy rating on the stock with a $187.00 price target.

QXO Inc (QXO)

Citi analyst Anthony Pettinari maintained a Buy rating on QXO Inc on June 23 and set a price target of $28.00. The company’s shares closed last Wednesday at $16.93, close to its 52-week low of $10.61.

According to TipRanks.com, Pettinari is a 5-star analyst with an average return of 14.9% and a 64.9% success rate. Pettinari covers the NA sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and Graphic Packaging. ;'>

Currently, the analyst consensus on QXO Inc is a Strong Buy with an average price target of $30.14, implying an 84.5% upside from current levels. In a report issued on June 22, Truist Financial also maintained a Buy rating on the stock.

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