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Analysts Are Bullish on These Industrial Goods Stocks: Proto Labs (PRLB), Acuity Brands (AYI)

Tipranks - Fri Jan 9, 2:24PM CST

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Proto Labs (PRLBResearch Report) and Acuity Brands (AYIResearch Report) with bullish sentiments.

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Proto Labs (PRLB)

In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Proto Labs. The company’s shares closed last Thursday at $54.75.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 13.9% and a 55.5% success rate. Palm covers the Technology sector, focusing on stocks such as Navitas Semiconductor, Frequency Electronics, and Bel Fuse Inc. ;'>

Currently, the analyst consensus on Proto Labs is a Moderate Buy with an average price target of $55.00.

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Acuity Brands (AYI)

In a report released today, Jeff Osborne from TD Cowen maintained a Buy rating on Acuity Brands. The company’s shares closed last Thursday at $321.07.

According to TipRanks.com, Osborne is a 4-star analyst with an average return of 4.2% and a 44.2% 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 $421.67 average price target, which is a 23.3% upside from current levels. In a report issued on December 30, William Blair also maintained a Buy rating on the stock.

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