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Analysts Are Bearish on These Industrial Goods Stocks: SkyWest (SKYW), Northrop (NOC)

Analysts are pulling back from the Industrial Goods sector as 2 experts expressed today bearish sentiments on SkyWest (SKYWResearch Report) and Northrop (NOCResearch Report).

SkyWest (SKYW)

In a report released yesterday, Catherine O’Brien from Goldman Sachs reiterated a Sell rating on SkyWest. The company’s shares closed last Thursday at $37.87.

According to TipRanks.com, O’Brien is a 1-star analyst with an average return of -4.4% and a 37.3% success rate. O’Brien covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, United Airlines Holdings, and Southwest Airlines.

The word on The Street in general, suggests a Hold analyst consensus rating for SkyWest with a $49.00 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Northrop (NOC)

In a report released yesterday, Noah Poponak from Goldman Sachs maintained a Sell rating on Northrop. The company’s shares closed last Thursday at $477.78.

According to TipRanks.com, Poponak is a 3-star analyst with an average return of 1.0% and a 46.8% success rate. Poponak covers the Industrial Goods sector, focusing on stocks such as Teledyne Technologies, Raytheon Technologies, and Spirit AeroSystems.

Currently, the analyst consensus on Northrop is a Moderate Buy with an average price target of $508.10.

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