Analysts Conflicted on These Industrial Goods Names: QXO Inc (QXO) and Watsco (WSO)
Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on QXO Inc (QXO – Research Report) and Watsco (WSO – Research Report).
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QXO Inc (QXO)
Loop Capital Markets analyst Garik Shmois initiated coverage with a Buy rating on QXO Inc yesterday and set a price target of $31.00. The company’s shares closed last Thursday at $22.12, close to its 52-week low of $10.61.
According to TipRanks.com, Shmois is ranked #538 out of 10173 analysts.
QXO Inc has an analyst consensus of Strong Buy, with a price target consensus of $30.25, a 39.9% upside from current levels. In a report issued on December 3, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $35.00 price target.
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Watsco (WSO)
KeyBanc analyst Jeffrey Hammond maintained a Hold rating on Watsco today. The company’s shares closed last Thursday at $358.96.
According to TipRanks.com, Hammond is a 5-star analyst with an average return of
Currently, the analyst consensus on Watsco is a Hold with an average price target of $391.80, implying a 9.7% upside from current levels. In a report released today, William Blair also maintained a Hold rating on the stock.
