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Analysts’ Top Industrial Goods Picks: XPO (XPO), ITT (ITT)

Tipranks - Sat Feb 7, 6:42AM CST

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on XPO (XPOResearch Report), ITT (ITTResearch Report) and Transdigm Group (TDGResearch Report) with bullish sentiments.

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XPO (XPO)

Stifel Nicolaus analyst J. Bruce Chan reiterated a Buy rating on XPO today and set a price target of $206.00. The company’s shares closed last Thursday at $185.62.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 5.4% and a 58.9% success rate. Chan covers the Industrial Goods sector, focusing on stocks such as Proficient Auto Logistics, Inc., Expeditors International, and Knight Transportation. ;'>

Currently, the analyst consensus on XPO is a Moderate Buy with an average price target of $178.94, implying a -10.6% downside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $210.00 price target.

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ITT (ITT)

In a report released today, Nathan Jones from Stifel Nicolaus maintained a Buy rating on ITT, with a price target of $228.00. The company’s shares closed last Thursday at $202.05.

According to TipRanks.com, Jones is a top 100 analyst with an average return of 22.4% and a 75.2% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, A. O. Smith Corporation, and Zurn Water Solutions. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ITT with a $218.50 average price target, which is a 9.1% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $230.00 price target.

Transdigm Group (TDG)

Stifel Nicolaus analyst Jonathan Siegmann CFA maintained a Buy rating on Transdigm Group today and set a price target of $1650.00. The company’s shares closed last Thursday at $1263.26.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 26.9% and a 87.0% success rate. CFA covers the Industrial Goods sector, focusing on stocks such as Intuitive Machines, Kratos Defense, and AeroVironment. ;'>

Transdigm Group has an analyst consensus of Moderate Buy, with a price target consensus of $1613.07, representing a 28.3% upside. In a report issued on February 3, TipRanks – OpenAI also upgraded the stock to Buy with a $1593.00 price target.

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