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Analysts Offer Insights on Industrial Goods Companies: Autoliv (ALV) and Covenant Logistics Group (CVLG)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Autoliv (ALVResearch Report) and Covenant Logistics Group (CVLGResearch Report).

Autoliv (ALV)

Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Autoliv on October 21 and set a price target of $94.00. The company’s shares closed last Wednesday at $79.80.

According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 16.4% and a 52.4% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.

Autoliv has an analyst consensus of Moderate Buy, with a price target consensus of $84.84, a 6.2% upside from current levels. In a report issued on October 10, RBC Capital also maintained a Buy rating on the stock with a $90.00 price target.

See the top stocks recommended by analysts >>

Covenant Logistics Group (CVLG)

Cowen & Co. analyst Jason Seidl maintained a Hold rating on Covenant Logistics Group on October 21 and set a price target of $38.00. The company’s shares closed last Tuesday at $36.17, close to its 52-week high of $38.39.

According to TipRanks.com, Seidl is a top 25 analyst with an average return of 24.2% and a 67.3% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Expeditors International, and Knight Transportation.

Covenant Logistics Group has an analyst consensus of Hold, with a price target consensus of $35.67, representing a -1.4% downside. In a report issued on October 24, Stephens also maintained a Hold rating on the stock with a $40.00 price target.

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