There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on FREYR Battery (FREY – Research Report), Eaton (ETN – Research Report) and MasTec (MTZ – Research Report) with bullish sentiments.
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FREYR Battery (FREY)
BTIG analyst Gregory Lewis upgraded FREYR Battery to Buy today and set a price target of $4.00. The company’s shares closed last Friday at $2.16.
According to TipRanks.com, Lewis is a 4-star analyst with an average return of 2.8% and a 44.5% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Chart Industries, Bloom Energy, and Shyft Group.
The word on The Street in general, suggests a Hold analyst consensus rating for FREYR Battery.
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Eaton (ETN)
Bernstein analyst Chad Dillard maintained a Buy rating on Eaton today and set a price target of $385.00. The company’s shares closed last Friday at $338.25.
According to TipRanks.com, Dillard is a 4-star analyst with an average return of 8.9% and a 58.4% success rate. Dillard covers the Industrial Goods sector, focusing on stocks such as United Rentals, Hubbell B, and Paccar.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eaton with a $391.20 average price target, a 17.4% upside from current levels. In a report issued on December 5, Jefferies also maintained a Buy rating on the stock with a $440.00 price target.
MasTec (MTZ)
In a report released today, Sangita Jain from KeyBanc assigned a Buy rating to MasTec, with a price target of $153.00. The company’s shares closed last Friday at $136.86, close to its 52-week high of $150.12.
According to TipRanks.com, Jain is a 4-star analyst with an average return of 7.3% and a 56.4% success rate. Jain covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Primoris Services, and Aecom Technology.
Currently, the analyst consensus on MasTec is a Strong Buy with an average price target of $154.17, representing a 18.1% upside. In a report issued on December 11, Stifel Nicolaus also maintained a Buy rating on the stock with a $155.00 price target.
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