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Analysts’ Top Industrial Goods Picks: RTX (RTX), Vertiv Holdings (VRT)

Tipranks - Fri Jul 31, 8:06AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on RTX (RTX) and Vertiv Holdings (VRT) with bullish sentiments.

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RTX (RTX)

In a report released yesterday, Kristina Ruggeri from Argus Research maintained a Buy rating on RTX, with a price target of $245.00. The company’s shares closed last Wednesday at $215.25.

According to TipRanks.com, Ruggeri is a 4-star analyst with an average return of 12.2% and a 60.4% success rate. Ruggeri covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, L3Harris Technologies, and General Dynamics. ;'>

RTX has an analyst consensus of Strong Buy, with a price target consensus of $232.87, a 5.9% upside from current levels. In a report issued on July 23, TipRanks – OpenAI also upgraded the stock to Buy with a $218.00 price target.

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Vertiv Holdings (VRT)

TD Cowen analyst Michael Elias reiterated a Buy rating on Vertiv Holdings today and set a price target of $356.00. The company’s shares closed last Wednesday at $223.04.

According to TipRanks.com, Elias is a 4-star analyst with an average return of 15.5% and a 52.7% success rate. Elias covers the NA sector, focusing on stocks such as Digital Realty, Crown Castle, and Equinix. ;'>

Currently, the analyst consensus on Vertiv Holdings is a Strong Buy with an average price target of $369.00, implying a 50.0% upside from current levels. In a report issued on July 15, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $370.00 price target.

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