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Analysts Offer Insights on Industrial Goods Companies: Proto Labs (PRLB) and Franklin Electric Co (FELE)

Tipranks - Tipranks - Wed Jun 17, 8:28AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Proto Labs (PRLB) and Franklin Electric Co (FELE).

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Proto Labs (PRLB)

In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Proto Labs, with a price target of $91.00. The company’s shares closed last Monday at $78.53.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 21.5% and a 57.2% success rate. Palm covers the Technology sector, focusing on stocks such as Bel Fuse Inc, 3D Systems, and Stratasys. ;'>

Proto Labs has an analyst consensus of Moderate Buy, with a price target consensus of $75.00, implying a -6.8% downside from current levels. In a report issued on June 8, Benchmark Co. also maintained a Buy rating on the stock with a $70.00 price target.

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Franklin Electric Co (FELE)

In a report released today, Matt Summerville from D.A. Davidson maintained a Hold rating on Franklin Electric Co, with a price target of $100.00. The company’s shares closed last Monday at $103.50.

According to TipRanks.com, Summerville is a 5-star analyst with an average return of 16.9% and a 55.5% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as Napco Security Technologies, A. O. Smith Corporation, and Alta Equipment Group. ;'>

Franklin Electric Co has an analyst consensus of Hold, with a price target consensus of $109.00.

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