There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on FedEx (FDX – Research Report) and Core & Main (CNM – Research Report) with bullish sentiments.
FedEx (FDX)
Barclays analyst Brandon Oglenski maintained a Buy rating on FedEx on September 16 and set a price target of $240.00. The company’s shares closed last Friday at $161.02, close to its 52-week low of $155.00.
According to TipRanks.com, Oglenski is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FedEx with a $235.45 average price target, a 47.8% upside from current levels. In a report issued on September 16, Cowen & Co. also maintained a Buy rating on the stock with a $230.00 price target.
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Core & Main (CNM)
In a report issued on September 16, Matthew Bouley from Barclays maintained a Buy rating on Core & Main, with a price target of $31.00. The company’s shares closed last Friday at $23.28.
According to TipRanks.com, Bouley is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Core & Main with a $30.00 average price target, representing a 27.0% upside. In a report issued on September 13, Credit Suisse also maintained a Buy rating on the stock with a $32.00 price target.
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