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Analysts Are Bullish on Top Industrial Goods Stocks: Westinghouse Air Brake Technologies (WAB), Alamo Group (ALG)

Tipranks - Tipranks - Wed Mar 25, 6:01AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Westinghouse Air Brake Technologies (WAB) and Alamo Group (ALG) with bullish sentiments.

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Westinghouse Air Brake Technologies (WAB)

In a report released today, Ken Hoexter from Bank of America Securities maintained a Buy rating on Westinghouse Air Brake Technologies, with a price target of $285.00. The company’s shares closed last Monday at $241.68.

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 Canadian Pacific Kansas City, Canadian National Railway, and Expeditors International. ;'>

Westinghouse Air Brake Technologies has an analyst consensus of Strong Buy, with a price target consensus of $285.13, a 18.5% upside from current levels. In a report issued on March 12, Citi also assigned a Buy rating to the stock with a $283.00 price target.

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Alamo Group (ALG)

In a report released today, Ross Sparenblek from William Blair maintained a Buy rating on Alamo Group. The company’s shares closed last Monday at $167.26, close to its 52-week low of $163.74.

According to TipRanks.com, Sparenblek is a 4-star analyst with an average return of 14.3% and a 67.2% success rate. Sparenblek covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Standex International, and Enerpac Tool Group. ;'>

Alamo Group has an analyst consensus of Moderate Buy.

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