There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Dover (DOV – Research Report) and Saia (SAIA – Research Report) with bullish sentiments.
Credit Suisse analyst Guy Hardwick reiterated a Buy rating on Dover today and set a price target of $174.00. The company’s shares closed last Thursday at $152.55.
According to TipRanks.com, Hardwick is a 2-star analyst with an average return of 5.9% and a 66.7% success rate. Hardwick covers the Technology sector, focusing on stocks such as Teledyne Technologies, TE Connectivity, and Zebra Tech.
Currently, the analyst consensus on Dover is a Moderate Buy with an average price target of $161.92, which is a 5.6% upside from current levels. In a report issued on March 6, Citigroup also assigned a Buy rating to the stock with a $184.00 price target.
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In a report released today, Christopher Kuhn from Benchmark Co. reiterated a Buy rating on Saia, with a price target of $320.00. The company’s shares closed last Thursday at $290.33, close to its 52-week high of $304.49.
According to TipRanks.com, Kuhn is a 3-star analyst with an average return of 5.2% and a 53.3% success rate. Kuhn covers the Industrial Goods sector, focusing on stocks such as Schneider National, Hub Group, and JB Hunt.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Saia with a $301.00 average price target.
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