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Analysts Offer Insights on Industrial Goods Companies: Dover (DOV), Deere (DE) and Simpson Manufacturing Co (SSD)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Dover (DOVResearch Report), Deere (DEResearch Report) and Simpson Manufacturing Co (SSDResearch Report).

Dover (DOV)

Oppenheimer analyst Bryan Blair maintained a Buy rating on Dover today. The company’s shares closed last Monday at $152.09.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 19.9% and a 68.0% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Advanced Drainage Systems, and A. O. Smith Corporation.

Currently, the analyst consensus on Dover is a Moderate Buy with an average price target of $160.88.

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Deere (DE)

In a report released today, Michael Shlisky from D.A. Davidson maintained a Buy rating on Deere. The company’s shares closed last Monday at $442.59, close to its 52-week high of $448.40.

According to TipRanks.com, Shlisky is a 2-star analyst with an average return of 0.2% and a 41.0% success rate. Shlisky covers the Industrial Goods sector, focusing on stocks such as Custom Truck One Source, Douglas Dynamics, and The Toro Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deere with a $452.94 average price target, which is a 3.7% upside from current levels. In a report issued on July 17, Citi also maintained a Buy rating on the stock with a $475.00 price target.

Simpson Manufacturing Co (SSD)

D.A. Davidson analyst Kurt Yinger maintained a Hold rating on Simpson Manufacturing Co today and set a price target of $175.00. The company’s shares closed last Monday at $149.80, close to its 52-week high of $152.55.

According to TipRanks.com, Yinger is a 5-star analyst with an average return of 27.5% and a 81.3% success rate. Yinger covers the Industrial Goods sector, focusing on stocks such as Builders Firstsource, Bluelinx Holdings, and UFP Industries.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Simpson Manufacturing Co with a $182.50 average price target.

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