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Analysts Offer Insights on Industrial Goods Companies: Aspen Aerogels (ASPN), Canadian National Railway (CNI) and Ritchie Bros (RBA)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Aspen Aerogels (ASPNResearch Report), Canadian National Railway (CNIResearch Report) and Ritchie Bros (RBAResearch Report).

Aspen Aerogels (ASPN)

Canaccord Genuity analyst George Gianarikas maintained a Buy rating on Aspen Aerogels yesterday and set a price target of $18.00. The company’s shares closed last Tuesday at $16.63.

According to TipRanks.com, Gianarikas ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -17.8% and a 26.7% success rate. Gianarikas covers the Industrial Goods sector, focusing on stocks such as Surf Air Mobility, Inc., Lion Electric Company, and Generac Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aspen Aerogels with a $20.29 average price target, a 31.1% upside from current levels. In a report issued on April 9, Oppenheimer also maintained a Buy rating on the stock with a $24.00 price target.

See today’s best-performing stocks on TipRanks >>

Canadian National Railway (CNI)

Scotiabank analyst Konark Gupta maintained a Hold rating on Canadian National Railway today and set a price target of C$184.00. The company’s shares closed last Tuesday at $129.40, close to its 52-week high of $134.02.

According to TipRanks.com, Gupta is a 5-star analyst with an average return of 12.0% and a 61.6% success rate. Gupta covers the Industrial Goods sector, focusing on stocks such as Canadian Pacific Kansas City, TFI International, and Air Canada.

Currently, the analyst consensus on Canadian National Railway is a Hold with an average price target of $136.00, implying a 5.1% upside from current levels. In a report issued on April 9, J.P. Morgan also maintained a Hold rating on the stock with a C$180.00 price target.

Ritchie Bros (RBA)

Scotiabank analyst Michael Doumet maintained a Buy rating on Ritchie Bros today and set a price target of $89.00. The company’s shares closed last Tuesday at $73.24.

According to TipRanks.com, Doumet is a 5-star analyst with an average return of 15.2% and a 66.3% success rate. Doumet covers the Industrial Goods sector, focusing on stocks such as Badger Infrastructure Solutions, Waste Connections, and GFL Environmental.

Ritchie Bros has an analyst consensus of Strong Buy, with a price target consensus of $88.17.

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