There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Parker Hannifin (PH – Research Report), Wesco International (WCC – Research Report) and Siemens Energy (SMEGF – Research Report) with bullish sentiments.
Parker Hannifin (PH)
KeyBanc analyst Jeffrey Hammond reiterated a Buy rating on Parker Hannifin today and set a price target of $640.00. The company’s shares closed last Thursday at $530.68, close to its 52-week high of $570.15.
According to TipRanks.com, Hammond is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Parker Hannifin with a $602.00 average price target, which is a 14.6% upside from current levels. In a report issued on April 21, Wells Fargo also maintained a Buy rating on the stock with a $640.00 price target.
See the top stocks recommended by analysts >>
Wesco International (WCC)
KeyBanc analyst Kenneth Newman maintained a Buy rating on Wesco International today and set a price target of $205.00. The company’s shares closed last Thursday at $165.08.
According to TipRanks.com, Newman is a 4-star analyst with an average return of
Currently, the analyst consensus on Wesco International is a Strong Buy with an average price target of $194.50, representing a 23.0% upside. In a report issued on April 19, Robert W. Baird also maintained a Buy rating on the stock with a $200.00 price target.
Siemens Energy (SMEGF)
Deutsche Bank analyst Gael De-Bray upgraded Siemens Energy to Buy today and set a price target of EUR23.00. The company’s shares closed last Thursday at $21.08.
According to TipRanks.com, De-Bray is ranked #1069 out of 8802 analysts.
Currently, the analyst consensus on Siemens Energy is a Moderate Buy with an average price target of $20.54, representing a 0.8% upside. In a report issued on April 26, Goldman Sachs also maintained a Buy rating on the stock with a EUR27.00 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 PH:
- PH Upcoming Earnings Report: What to Expect?
- Parker Increases Quarterly Cash Dividend 10% to $1.63 per Share
- Parker-Hannifin increases quarterly cash dividend 10% to $1.63 per share
- Parker to Announce Fiscal 2024 Third Quarter Earnings on May 2; Conference Call and Webcast Scheduled for 11 a.m. Eastern Time
- Parker-Hannifin price target raised to $640 from $575 at KeyBanc
