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Analysts’ Top Industrial Goods Picks: Acuity Brands (AYI), Plug Power (PLUG)

Tipranks - Tipranks - Fri Apr 3, 1:22PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Acuity Brands (AYI) and Plug Power (PLUG) with bullish sentiments.

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Acuity Brands (AYI)

In a report released today, Jeff Osborne from TD Cowen assigned a Buy rating to Acuity Brands, with a price target of $335.00. The company’s shares closed last Thursday at $268.08.

According to TipRanks.com, Osborne is a 2-star analyst with an average return of 0.2% and a 43.1% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Eos Energy Enterprises, Ballard Power Systems, and Landis+Gyr Group AG. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Acuity Brands with a $358.75 average price target, implying a 25.9% upside from current levels. In a report issued on March 19, TipRanks – Google also upgraded the stock to Buy with a $295.00 price target.

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Plug Power (PLUG)

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Plug Power. The company’s shares closed last Thursday at $2.40.

According to TipRanks.com, Stine is a 5-star analyst with an average return of 11.4% and a 39.9% success rate. Stine covers the Industrial Goods sector, focusing on stocks such as Amprius Technologies Inc, American Superconductor, and PureCycle Technologies. ;'>

Plug Power has an analyst consensus of Hold, with a price target consensus of $2.58.

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