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Analysts Are Bullish on Top Industrial Goods Stocks: MKS Instruments (MKSI), Trinity Industries (TRN)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on MKS Instruments (MKSIResearch Report), Trinity Industries (TRNResearch Report) and Frontier Group Holdings (ULCCResearch Report) with bullish sentiments.

MKS Instruments (MKSI)

Benchmark Co. analyst Mark Miller maintained a Buy rating on MKS Instruments today and set a price target of $115.00. The company’s shares closed last Wednesday at $82.57.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 16.3% and a 55.2% success rate. Miller covers the Technology sector, focusing on stocks such as Advanced Energy, Onto Innovation, and Western Digital.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MKS Instruments with a $106.60 average price target.

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Trinity Industries (TRN)

Cowen & Co. analyst Matt Elkott maintained a Buy rating on Trinity Industries today and set a price target of $36.00. The company’s shares closed last Wednesday at $21.76, close to its 52-week low of $20.07.

According to TipRanks.com, Elkott is a 5-star analyst with an average return of 13.2% and a 57.1% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Freightcar America, and Caterpillar.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trinity Industries with a $27.25 average price target, a 25.7% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $27.00 price target.

Frontier Group Holdings (ULCC)

In a report released today, Andrew Didora from Bank of America Securities reiterated a Buy rating on Frontier Group Holdings, with a price target of $13.00. The company’s shares closed last Wednesday at $9.54.

According to TipRanks.com, Didora is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.8% and a 48.4% success rate. Didora covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Allegiant Travel Company, and Southwest Airlines.

Currently, the analyst consensus on Frontier Group Holdings is a Strong Buy with an average price target of $16.14.

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