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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: QXO Inc (QXO) and TFI International (TFII)

Tipranks - Thu Apr 9, 4:02AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on QXO Inc (QXO) and TFI International (TFII).

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QXO Inc (QXO)

William Blair analyst Ryan Merkel maintained a Buy rating on QXO Inc today. The company’s shares closed last Tuesday at $18.82, close to its 52-week low of $10.61.

According to TipRanks.com, Merkel is a 3-star analyst with an average return of 2.7% and a 47.8% success rate. Merkel covers the Industrial Goods sector, focusing on stocks such as Proficient Auto Logistics, Inc., Global Industrial Company, and SiteOne Landscape Supply. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for QXO Inc with a $33.43 average price target, representing a 78.8% upside. In a report issued on April 2, RBC Capital also maintained a Buy rating on the stock with a $28.00 price target.

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TFI International (TFII)

Bank of America Securities analyst Ken Hoexter maintained a Hold rating on TFI International yesterday and set a price target of $122.00. The company’s shares closed last Tuesday at $115.14.

According to TipRanks.com, Hoexter is a 3-star analyst with an average return of 0.6% and a 48.4% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian Pacific Kansas City, and Canadian National Railway. ;'>

TFI International has an analyst consensus of Moderate Buy, with a price target consensus of $124.48, which is a 9.0% upside from current levels. In a report issued on March 26, TipRanks – PerPlexity also downgraded the stock to Hold with a C$155.00 price target.

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