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Analysts Are Bullish on Top Industrial Goods Stocks: Republic Services (RSG), Advanced Drainage Systems (WMS)

Tipranks - Sat Apr 18, 7:04AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Republic Services (RSG) and Advanced Drainage Systems (WMS) with bullish sentiments.

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Republic Services (RSG)

In a report released today, Tobey Sommer from Truist Financial maintained a Buy rating on Republic Services. The company’s shares closed last Thursday at $209.66.

According to TipRanks.com, Sommer is a 4-star analyst with an average return of 4.8% and a 55.3% success rate. Sommer covers the Industrial Goods sector, focusing on stocks such as Andersen Group, Inc. Class A, Amentum Holdings, Inc., and GFL Environmental. ;'>

Republic Services has an analyst consensus of Moderate Buy, with a price target consensus of $247.61, which is a 16.8% upside from current levels. In a report issued on April 13, Wells Fargo also maintained a Buy rating on the stock with a $252.00 price target.

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Advanced Drainage Systems (WMS)

In a report released today, Bryan Blair from Oppenheimer reiterated a Buy rating on Advanced Drainage Systems, with a price target of $195.00. The company’s shares closed last Thursday at $144.32.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 18.8% and a 65.9% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Mueller Water Products. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Advanced Drainage Systems with a $194.83 average price target, implying a 31.5% upside from current levels. In a report issued on April 7, RBC Capital also maintained a Buy rating on the stock with a $181.00 price target.

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