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Analysts Offer Insights on Industrial Goods Companies: FedEx (FDX) and Core & Main (CNM)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on FedEx (FDXResearch Report) and Core & Main (CNMResearch 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 3.0% and a 50.4% success rate. Oglenski covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, Canadian National Railway, and United Airlines Holdings.

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.

See the top stocks recommended by analysts >>

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 15.9% and a 56.5% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, SiteOne Landscape Supply, and Hillman Solutions.

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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