Analysts Are Bullish on These Industrial Goods Stocks: SPX (SPXC), Trex Company (TREX)
There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on SPX (SPXC – Research Report) and Trex Company (TREX – Research Report) with bullish sentiments.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
SPX (SPXC)
In a report released today, Ross Sparenblek from William Blair reiterated a Buy rating on SPX, with a price target of $280.00. The company’s shares closed last Tuesday at $243.04.
According to TipRanks.com, Sparenblek is a 5-star analyst with an average return of
SPX has an analyst consensus of Strong Buy, with a price target consensus of $258.00, representing an 8.9% upside. In a report issued on February 13, Bank of America Securities also upgraded the stock to Buy with a $280.00 price target.
See today’s best-performing stocks on TipRanks >>
Trex Company (TREX)
In a report released yesterday, Ketan Mamtora from BMO Capital maintained a Buy rating on Trex Company, with a price target of $54.00. The company’s shares closed last Tuesday at $41.45.
According to TipRanks.com, Mamtora is ranked #1520 out of 12136 analysts.
Trex Company has an analyst consensus of Moderate Buy, with a price target consensus of $46.29, a 13.8% upside from current levels. In a report released today, Loop Capital Markets also upgraded the stock to Buy with a $53.00 price target.
