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Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Wesco International (WCC), Gates Industrial (GTES) and Fortune Brands Innovations (FBIN)

Tipranks - Mon Feb 23, 3:32AM CST

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Wesco International (WCCResearch Report), Gates Industrial (GTESResearch Report) and Fortune Brands Innovations (FBINResearch Report).

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Wesco International (WCC)

Barclays analyst Guy Hardwick maintained a Buy rating on Wesco International on February 20 and set a price target of $313.00. The company’s shares closed last Friday at $296.99.

According to TipRanks.com, Hardwick is a 3-star analyst with an average return of 2.9% and a 53.8% success rate. Hardwick covers the Technology sector, focusing on stocks such as Teledyne Technologies, Manhattan Associates, and Bentley Systems. ;'>

Wesco International has an analyst consensus of Strong Buy, with a price target consensus of $307.63, representing a 3.0% upside. In a report issued on February 11, TipRanks – xAI also upgraded the stock to Buy with a $332.00 price target.

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Gates Industrial (GTES)

In a report issued on February 20, Julian Mitchell from Barclays maintained a Buy rating on Gates Industrial, with a price target of $32.00. The company’s shares closed last Friday at $27.60.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 17.8% and a 69.7% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gates Industrial with a $31.86 average price target, a 15.2% upside from current levels. In a report issued on February 14, TipRanks – Google also upgraded the stock to Buy with a $31.00 price target.

Fortune Brands Innovations (FBIN)

In a report issued on February 20, Matthew Bouley from Barclays maintained a Hold rating on Fortune Brands Innovations, with a price target of $55.00. The company’s shares closed last Friday at $54.32.

According to TipRanks.com, Bouley is a 5-star analyst with an average return of 15.5% and a 64.5% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, SiteOne Landscape Supply, and Builders Firstsource. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Fortune Brands Innovations with a $61.50 average price target, representing a 14.0% upside. In a report issued on February 13, Wolfe Research also downgraded the stock to Hold.

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