There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Agco (AGCO – Research Report), ArcBest (ARCB – Research Report) and Ametek (AME – Research Report) with bullish sentiments.
Agco (AGCO)
Stifel Nicolaus analyst Stanley Elliott maintained a Buy rating on Agco today and set a price target of $153.00. The company’s shares closed last Tuesday at $122.19.
According to TipRanks.com, Elliott is a top 25 analyst with an average return of
Agco has an analyst consensus of Moderate Buy, with a price target consensus of $146.71, which is a 12.8% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a price target.
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ArcBest (ARCB)
In a report released today, J. Bruce Chan from Stifel Nicolaus maintained a Buy rating on ArcBest, with a price target of $159.00. The company’s shares closed last Tuesday at $138.58, close to its 52-week high of $144.00.
According to TipRanks.com, Chan is a 4-star analyst with an average return of
Currently, the analyst consensus on ArcBest is a Moderate Buy with an average price target of $166.20, which is a 27.8% upside from current levels. In a report issued on January 28, Deutsche Bank also maintained a Buy rating on the stock with a $148.00 price target.
Ametek (AME)
D.A. Davidson analyst Matt Summerville maintained a Buy rating on Ametek today and set a price target of $195.00. The company’s shares closed last Tuesday at $166.08, close to its 52-week high of $168.54.
According to TipRanks.com, Summerville is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ametek with a $180.43 average price target, implying a 7.4% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $185.00 price target.
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