There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Masco (MAS – Research Report), General Dynamics (GD – Research Report) and Canadian Pacific Kansas City (CP – Research Report) with bullish sentiments.
Masco (MAS)
In a report released yesterday, Michael Dahl from RBC Capital maintained a Buy rating on Masco, with a price target of $80.00. The company’s shares closed last Wednesday at $69.74.
According to TipRanks.com, Dahl is a 5-star analyst with an average return of 7.2% and a 57.3% success rate. Dahl covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, SiteOne Landscape Supply, and Masonite International.
Currently, the analyst consensus on Masco is a Moderate Buy with an average price target of $80.23, which is a 14.5% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock.
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General Dynamics (GD)
In a report released yesterday, Kenneth Herbert from RBC Capital maintained a Buy rating on General Dynamics, with a price target of $320.00. The company’s shares closed last Wednesday at $281.11, close to its 52-week high of $296.50.
According to TipRanks.com, Herbert is a top 100 analyst with an average return of 18.7% and a 63.5% success rate. Herbert covers the Industrial Goods sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and AerSale Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for General Dynamics with a $307.69 average price target, implying a 6.4% upside from current levels. In a report issued on April 9, TD Cowen also maintained a Buy rating on the stock with a $315.00 price target.
Canadian Pacific Kansas City (CP)
In a report released yesterday, Walter Spracklin from RBC Capital reiterated a Buy rating on Canadian Pacific Kansas City, with a price target of C$133.00. The company’s shares closed last Wednesday at $81.93.
According to TipRanks.com, Spracklin is a 5-star analyst with an average return of 15.0% and a 63.0% success rate. Spracklin covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, TFI International, and Waste Connections.
Canadian Pacific Kansas City has an analyst consensus of Moderate Buy, with a price target consensus of $90.69, representing a 4.2% upside. In a report issued on April 9, Bank of America Securities also maintained a Buy rating on the stock with a $97.00 price target.
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