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Analysts Offer Insights on Industrial Goods Companies: Ehang Holdings (EH) and Snap-on (SNA)

Tipranks - Tipranks - Fri Jun 12, 3:40AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Ehang Holdings (EH) and Snap-on (SNA) with bullish sentiments.

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Ehang Holdings (EH)

Goldman Sachs analyst Allen Chang maintained a Buy rating on Ehang Holdings yesterday and set a price target of $16.90. The company’s shares closed last Wednesday at $6.82.

According to TipRanks.com, Chang is ranked #2168 out of 12286 analysts.

Currently, the analyst consensus on Ehang Holdings is a Moderate Buy with an average price target of $13.00, an 87.1% upside from current levels. In a report issued on June 9, Bank of America Securities also reiterated a Buy rating on the stock with a $13.00 price target.

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Snap-on (SNA)

In a report released today, Scott Stember from Roth MKM reiterated a Buy rating on Snap-on, with a price target of $431.00. The company’s shares closed last Wednesday at $378.45.

According to TipRanks.com, Stember is a 4-star analyst with an average return of 5.3% and a 51.4% success rate. Stember covers the NA sector, focusing on stocks such as Standard Motor Products, Camping World Holdings, and Winnebago Industries. ;'>

Snap-on has an analyst consensus of Moderate Buy, with a price target consensus of $393.70, which is a 1.5% upside from current levels. In a report issued on May 28, Barclays also initiated coverage with a Buy rating on the stock with a $420.00 price target.

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