There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Canadian Pacific (CP – Research Report) and MYT Netherlands (MYTE – Research Report) with bullish sentiments.
Canadian Pacific (CP)
In a report released today, Ken Hoexter from Bank of America Securities reiterated a Buy rating on Canadian Pacific, with a price target of $86.00. The company’s shares closed last Wednesday at $79.01.
According to TipRanks.com, Hoexter is a 4-star analyst with an average return of
Currently, the analyst consensus on Canadian Pacific is a Strong Buy with an average price target of $93.38, implying a 18.9% upside from current levels. In a report issued on June 16, CIBC also maintained a Buy rating on the stock with a $123.00 price target.
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MYT Netherlands (MYTE)
Bank of America Securities analyst Geoffroy de Mendez reiterated a Buy rating on MYT Netherlands today and set a price target of $8.00. The company’s shares closed last Wednesday at $3.58, close to its 52-week low of $3.47.
According to TipRanks.com, Mendez is ranked #6728 out of 8474 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MYT Netherlands with a $6.67 average price target.
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Read More on CP:
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