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Analysts Offer Insights on Industrial Goods Companies: Plug Power (PLUG) and Rocket Lab USA (RKLB)

Tipranks - Tipranks - Wed Aug 12, 8:56AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Plug Power (PLUG) and Rocket Lab USA (RKLB).

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Plug Power (PLUG)

Morgan Stanley analyst David Arcaro maintained a Sell rating on Plug Power today and set a price target of $1.65. The company’s shares closed last Tuesday at $2.24.

According to TipRanks.com, Arcaro is a 5-star analyst with an average return of 12.3% and a 59.3% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Currently, the analyst consensus on Plug Power is a Hold with an average price target of $3.65, representing a 47.2% upside. In a report released yesterday, BMO Capital also reiterated a Sell rating on the stock with a $1.30 price target.

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Rocket Lab USA (RKLB)

In a report released yesterday, Kristine Liwag from Morgan Stanley maintained a Buy rating on Rocket Lab USA, with a price target of $105.00. The company’s shares closed last Tuesday at $77.30.

According to TipRanks.com, Liwag is a 5-star analyst with an average return of 14.0% and a 63.0% success rate. Liwag covers the Industrial Goods sector, focusing on stocks such as Loar Holdings Inc., Northrop Grumman, and General Dynamics. ;'>

Currently, the analyst consensus on Rocket Lab USA is a Strong Buy with an average price target of $111.50, representing a 32.6% upside. In a report issued on July 27, KGI Securities also upgraded the stock to Buy with a $107.00 price target.

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