Wall Street Analysts Are Neutral on Top Industrial Goods Picks

Analysts fell to the sidelines weighing in on Rocket Lab USA (RKLB – Research Report) and Fortune Brands Innovations (FBIN – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Rocket Lab USA (RKLB)

BTIG analyst Andre Madrid reiterated a Hold rating on Rocket Lab USA today. The company’s shares closed last Monday at $71.31.

According to TipRanks.com, Madrid is a 5-star analyst with an average return of 38.0% and a 79.6% success rate. Madrid covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, Amentum Holdings, Inc., and Carpenter Technology. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rocket Lab USA with a $89.50 average price target.

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Fortune Brands Innovations (FBIN)

In a report released today, Keith Hughes from Truist Financial maintained a Hold rating on Fortune Brands Innovations. The company’s shares closed last Monday at $43.95.

According to TipRanks.com, Hughes is a 5-star analyst with an average return of 18.0% and a 60.9% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as SiteOne Landscape Supply, Builders Firstsource, and Carlisle Companies. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Fortune Brands Innovations with a $59.00 average price target, a 34.9% upside from current levels. In a report issued on March 9, TipRanks – PerPlexity also downgraded the stock to Hold with a $46.00 price target.

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