Analysts Offer Insights on Industrial Goods Companies: Norfolk Southern (NSC), Terex (TEX) and Bloom Energy (BE)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Norfolk Southern (NSC – Research Report), Terex (TEX – Research Report) and Bloom Energy (BE – Research Report) with bullish sentiments.

Norfolk Southern (NSC)

Cowen & Co. analyst Jason Seidl maintained a Buy rating on Norfolk Southern today and set a price target of $243.00. The company’s shares closed last Wednesday at $243.44.

According to TipRanks.com, Seidl is a top 25 analyst with an average return of 24.1% and a 71.2% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Covenant Logistics Group, and Expeditors International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Norfolk Southern with a $245.00 average price target, implying a 1.0% upside from current levels. In a report issued on November 22, Credit Suisse also maintained a Buy rating on the stock with a $278.00 price target.

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Terex (TEX)

Jefferies analyst Stephen Volkmann maintained a Buy rating on Terex yesterday and set a price target of $55.00. The company’s shares closed last Wednesday at $44.28, close to its 52-week high of $47.49.

According to TipRanks.com, Volkmann is a top 100 analyst with an average return of 19.0% and a 67.5% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Wesco International, Hillman Solutions, and Fastenal Company.

Currently, the analyst consensus on Terex is a Moderate Buy with an average price target of $43.75.

Bloom Energy (BE)

Jefferies analyst Sam Burwell maintained a Buy rating on Bloom Energy yesterday and set a price target of $29.00. The company’s shares closed last Wednesday at $19.82.

According to TipRanks.com, Burwell is ranked #364 out of 8164 analysts.

Bloom Energy has an analyst consensus of Moderate Buy, with a price target consensus of $26.40.

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Read More on NSC:

• Norfolk Southern price target raised to $255 from $240 at Barclays
• White House announces signing of railroad dispute resolution
• Senate approves bill to force tentative rail labor agreement, CNBC says
• Norfolk Southern price target raised to $285 from $260 at Wells Fargo
• House passes bill to avoid rail strike, NBC News reports