Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Paychex (PAYX – Research Report) and General Electric (GE – Research Report).
Paychex (PAYX)
In a report released today, Ramsey El Assal from Barclays maintained a Hold rating on Paychex, with a price target of $120.00. The company’s shares closed last Friday at $122.38.
According to TipRanks.com, Assal is a 4-star analyst with an average return of
Paychex has an analyst consensus of Hold, with a price target consensus of $120.44, implying a 0.4% upside from current levels. In a report issued on March 26, Evercore ISI also maintained a Hold rating on the stock with a $118.00 price target.
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General Electric (GE)
In a report released today, Ronald Epstein from Bank of America Securities reiterated a Buy rating on General Electric, with a price target of $165.00. The company’s shares closed last Friday at $156.30, close to its 52-week high of $156.47.
According to TipRanks.com, Epstein is a 5-star analyst with an average return of
Currently, the analyst consensus on General Electric is a Strong Buy with an average price target of $168.73, which is a 13.6% upside from current levels. In a report issued on April 4, Vertical Research also initiated coverage with a Buy rating on the stock with a $160.00 price target.
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