Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Algoma Steel Group (ASTL – Research Report) and United Parcel (UPS – Research Report).
Algoma Steel Group (ASTL)
BMO Capital analyst Katja Jancic assigned a Buy rating to Algoma Steel Group yesterday and set a price target of C$14.00. The company’s shares closed last Thursday at $7.00.
According to TipRanks.com, Jancic is a 4-star analyst with an average return of
Algoma Steel Group has an analyst consensus of Moderate Buy, with a price target consensus of $10.39, which is a 50.1% upside from current levels. In a report issued on September 18, Stifel Nicolaus also maintained a Buy rating on the stock with a C$14.00 price target.
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United Parcel (UPS)
BMO Capital analyst Fadi Chamoun reiterated a Hold rating on United Parcel yesterday and set a price target of $185.00. The company’s shares closed last Thursday at $155.50, close to its 52-week low of $150.54.
According to TipRanks.com, Chamoun is a 5-star analyst with an average return of
United Parcel has an analyst consensus of Moderate Buy, with a price target consensus of $183.61, implying a 20.3% upside from current levels. In a report released today, HSBC also initiated coverage with a Hold rating on the stock with a $170.00 price target.
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