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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: Beacon Roofing Supply (BECN) and ESAB Corporation (ESAB)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Beacon Roofing Supply (BECNResearch Report) and ESAB Corporation (ESABResearch Report).

Beacon Roofing Supply (BECN)

Loop Capital Markets analyst Garik Shmois maintained a Buy rating on Beacon Roofing Supply today and set a price target of $102.00. The company’s shares closed last Thursday at $73.47.

According to TipRanks.com, Shmois is a 5-star analyst with an average return of 9.9% and a 60.7% success rate. Shmois covers the Basic Materials sector, focusing on stocks such as Martin Marietta Materials, Vulcan Materials, and Summit Materials.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Beacon Roofing Supply with a $94.00 average price target.

See the top stocks recommended by analysts >>

ESAB Corporation (ESAB)

In a report released today, Chris Dankert from Loop Capital Markets reiterated a Hold rating on ESAB Corporation, with a price target of $73.00. The company’s shares closed last Thursday at $72.32, close to its 52-week high of $74.15.

According to TipRanks.com, Dankert is a 4-star analyst with an average return of 8.4% and a 60.0% success rate. Dankert covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Wesco International, and Rockwell Automation.

ESAB Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $81.00.

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