There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Eaton (ETN – Research Report) and Forward Air (FWRD – Research Report) with bullish sentiments.
Morgan Stanley analyst Joshua Pokrzywinski maintained a Buy rating on Eaton today and set a price target of $185.00. The company’s shares closed last Thursday at $169.28.
According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 6.2% and a 56.9% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Lennox International, and Illinois Tool Works.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eaton with a $175.13 average price target, representing a 3.4% upside. In a report released today, Deutsche Bank also maintained a Buy rating on the stock with a $188.00 price target.
See the top stocks recommended by analysts >>
Forward Air (FWRD)
In a report released today, Jack Atkins from Stephens maintained a Buy rating on Forward Air, with a price target of $125.00. The company’s shares closed last Thursday at $97.30.
According to TipRanks.com, Atkins is a 4-star analyst with an average return of 9.7% and a 54.7% success rate. Atkins covers the Industrial Goods sector, focusing on stocks such as Knight Transportation, Old Dominion Freight, and Werner Enterprises.
Forward Air has an analyst consensus of Moderate Buy, with a price target consensus of $121.33, which is a 18.1% upside from current levels. In a report issued on January 27, Stifel Nicolaus also maintained a Buy rating on the stock with a $129.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on ETN: