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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

Tipranks - Tipranks - Fri May 29, 7:24AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Satellogic (SATL), Seanergy Maritime (SHIP) and nVent Electric (NVT) with bullish sentiments.

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Satellogic (SATL)

Northland Securities analyst Michael Latimore maintained a Buy rating on Satellogic today and set a price target of $11.00. The company’s shares closed last Wednesday at $9.77.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 13.7% and a 37.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Gorilla Technology Group Inc., SoundHound AI, Inc Class A, and Palantir Technologies. ;'>

Currently, the analyst consensus on Satellogic is a Strong Buy with an average price target of $10.60, a 10.0% upside from current levels. In a report issued on May 13, Roth MKM also maintained a Buy rating on the stock with a $10.00 price target.

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Seanergy Maritime (SHIP)

In a report released yesterday, Tate Sullivan from Maxim Group reiterated a Buy rating on Seanergy Maritime, with a price target of $20.00. The company’s shares closed last Wednesday at $14.86.

According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 5.4% and a 48.0% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Cheetah Net Supply Chain Service, Inc. Class A, Heidmar Maritime Holdings Corp., and American Battery Technology. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Seanergy Maritime with a $20.50 average price target, a 34.2% upside from current levels. In a report issued on May 12, TipRanks – PerPlexity also upgraded the stock to Buy with a $19.00 price target.

nVent Electric (NVT)

In a report released yesterday, Deane Dray from RBC Capital maintained a Buy rating on nVent Electric, with a price target of $180.00. The company’s shares closed last Wednesday at $167.80.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 13.7% and a 62.2% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Atkore International Group, and Emerson Electric Company. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for nVent Electric with a $184.73 average price target, a 9.3% upside from current levels. In a report issued on May 19, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $199.00 price target.

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