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Analysts Offer Insights on Industrial Goods Companies: RELX plc (OtherRLXXF) and QXO Inc (QXO)

Tipranks - Wed Mar 4, 6:46AM CST

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on RELX plc (RLXXFResearch Report) and QXO Inc (QXOResearch Report) with bullish sentiments.

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RELX plc (RLXXF)

In a report released today, George Webb from Morgan Stanley maintained a Buy rating on RELX plc, with a price target of p3610.00. The company’s shares closed last Monday at $34.31.

According to TipRanks.com, Webb is ranked #7384 out of 12144 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for RELX plc with a $50.39 average price target, which is a 43.7% upside from current levels. In a report issued on February 18, TipRanks – Google also upgraded the stock to Buy with a p2494.00 price target.

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QXO Inc (QXO)

Wells Fargo analyst Sam Reid maintained a Buy rating on QXO Inc today and set a price target of $30.00. The company’s shares closed last Monday at $22.92, close to its 52-week low of $10.61.

According to TipRanks.com, Reid is a 4-star analyst with an average return of 6.9% and a 59.9% success rate. Reid covers the Industrial Goods sector, focusing on stocks such as Stanley Black & Decker, Builders Firstsource, and CSW Industrials. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for QXO Inc with a $33.86 average price target, which is a 44.9% upside from current levels. In a report issued on February 26, William Blair also maintained a Buy rating on the stock.

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