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Analysts Offer Insights on Industrial Goods Companies: Upwork (UPWK) and Manitowoc Company (MTW)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Upwork (UPWKResearch Report) and Manitowoc Company (MTWResearch Report).

Upwork (UPWK)

BTIG analyst Marvin Fong upgraded Upwork to Buy today and set a price target of $16.00. The company’s shares closed last Tuesday at $12.35.

According to TipRanks.com, Fong is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.0% and a 35.2% success rate. Fong covers the NA sector, focusing on stocks such as Mercadolibre, Beyond Inc, and CarGurus.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Upwork with a $18.40 average price target, a 45.9% upside from current levels. In a report issued on April 26, JMP Securities also maintained a Buy rating on the stock with a $17.00 price target.

See the top stocks recommended by analysts >>

Manitowoc Company (MTW)

Barclays analyst Adam Seiden assigned a Sell rating to Manitowoc Company today and set a price target of $12.00. The company’s shares closed last Tuesday at $12.63, close to its 52-week low of $11.73.

According to TipRanks.com, Seiden is a 5-star analyst with an average return of 11.9% and a 56.4% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Aecom Technology, and Jacobs Solutions.

Manitowoc Company has an analyst consensus of Hold, with a price target consensus of $15.60.

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