Analysts Have Conflicting Sentiments on These Industrial Goods Companies: TFI International (TFII), nVent Electric (NVT) and Sylvamo Corp (SLVM)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on TFI International (TFII – Research Report), nVent Electric (NVT – Research Report) and Sylvamo Corp (SLVM – Research Report).

TFI International (TFII)

RBC Capital analyst Walter Spracklin reiterated a Buy rating on TFI International today and set a price target of $133.00. The company’s shares closed last Friday at $107.53.

According to TipRanks.com, Spracklin is a 5-star analyst with an average return of 13.6% and a 59.0% success rate. Spracklin covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Waste Connections, and GFL Environmental.

TFI International has an analyst consensus of Strong Buy, with a price target consensus of $135.20, a 24.1% upside from current levels. In a report issued on October 24, J.P. Morgan also maintained a Buy rating on the stock with a $133.00 price target.

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nVent Electric (NVT)

In a report released yesterday, Deane Dray from RBC Capital maintained a Buy rating on nVent Electric, with a price target of $57.00. The company’s shares closed last Friday at $45.88.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 10.8% and a 56.8% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.

Currently, the analyst consensus on nVent Electric is a Moderate Buy with an average price target of $62.25, implying a 32.2% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $65.00 price target.

Sylvamo Corp (SLVM)

In a report issued on October 27, Matt McKellar from RBC Capital maintained a Hold rating on Sylvamo Corp, with a price target of $44.00. The company’s shares closed last Friday at $43.46.

According to TipRanks.com, McKellar is a 1-star analyst with an average return of -5.7% and a 35.7% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, Clearwater Paper, and WestRock.

Sylvamo Corp has an analyst consensus of Moderate Buy, with a price target consensus of $46.00.

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Read More on TFII:

• TFI International price target lowered to C$182 from C$192 at Desjardins
• TFI International price target lowered to C$170 from C$182 at Scotiabank
• TFI International selloff brings good entry point, says CIBC
• TFI International price target lowered to $133 from $153 at RBC Capital
• TFI International price target lowered to $160 from $170 at Stephens