There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Shyft Group (SHYF – Research Report) and Archrock (AROC – Research Report) with bullish sentiments.
Shyft Group (SHYF)
Raymond James analyst Felix Boeschen maintained a Buy rating on Shyft Group today and set a price target of $30.00. The company’s shares closed last Friday at $25.11.
According to TipRanks.com, Boeschen is a 4-star analyst with an average return of 12.4% and a 64.4% success rate. Boeschen covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Wabash National, and Landstar System.
Shyft Group has an analyst consensus of Strong Buy, with a price target consensus of $34.00, representing a 33.8% upside. In a report released yesterday, BTIG also maintained a Buy rating on the stock with a $40.00 price target.
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RBC Capital analyst T J Schultz maintained a Buy rating on Archrock yesterday and set a price target of $15.00. The company’s shares closed last Friday at $10.78.
According to TipRanks.com, Schultz is a top 100 analyst with an average return of 16.9% and a 67.7% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, NGL Energy Partners, and Equitrans Midstream.
Currently, the analyst consensus on Archrock is a Strong Buy with an average price target of $14.00, which is a 34.5% upside from current levels. In a report issued on February 21, Stifel Nicolaus also maintained a Buy rating on the stock.
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