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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

Tipranks - Tipranks - Thu Apr 23, 11:22AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Proto Labs (PRLB) and Boeing (BA) with bullish sentiments.

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Proto Labs (PRLB)

Craig-Hallum analyst Greg Palm maintained a Buy rating on Proto Labs today. The company’s shares closed last Wednesday at $63.78.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 16.1% and a 53.8% success rate. Palm covers the Technology sector, focusing on stocks such as Digital Turbine, Bel Fuse Inc, and 3D Systems. ;'>

The the analyst consensus on Proto Labs is currently a Moderate Buy rating.

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Boeing (BA)

In a report released today, Seth Seifman from J.P. Morgan maintained a Buy rating on Boeing, with a price target of $270.00. The company’s shares closed last Wednesday at $228.26.

According to TipRanks.com, Seifman is a 5-star analyst with an average return of 17.2% and a 69.4% success rate. Seifman covers the Industrial Goods sector, focusing on stocks such as Voyager Technologies, Inc. Class A, York Space Systems, Inc., and Firefly Aerospace, Inc. ;'>

Currently, the analyst consensus on Boeing is a Strong Buy with an average price target of $274.92, representing a 21.1% upside. In a report issued on April 10, Susquehanna also maintained a Buy rating on the stock with a $285.00 price target.

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