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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: HEICO (HEI), Fastenal Company (FAST) and Carlisle Companies (CSL)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on HEICO (HEIResearch Report), Fastenal Company (FASTResearch Report) and Carlisle Companies (CSLResearch Report).

HEICO (HEI)

In a report issued on December 8, Peter Arment from Robert W. Baird maintained a Buy rating on HEICO, with a price target of $208.00. The company’s shares closed last Friday at $178.91, close to its 52-week high of $182.18.

According to TipRanks.com, Arment is a 5-star analyst with an average return of 10.2% and a 63.7% success rate. Arment covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Raytheon Technologies, and L3Harris Technologies.

HEICO has an analyst consensus of Moderate Buy, with a price target consensus of $187.67, which is a 5.5% upside from current levels. In a report issued on November 30, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $200.00 price target.

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Fastenal Company (FAST)

In a report issued on December 6, David Manthey from Robert W. Baird maintained a Hold rating on Fastenal Company, with a price target of $62.00. The company’s shares closed last Friday at $62.29, close to its 52-week high of $62.60.

According to TipRanks.com, Manthey is a 5-star analyst with an average return of 15.7% and a 68.8% success rate. Manthey covers the Industrial Goods sector, focusing on stocks such as Applied Industrial Technologies, SiteOne Landscape Supply, and Beacon Roofing Supply.

The word on The Street in general, suggests a Hold analyst consensus rating for Fastenal Company with a $60.00 average price target, a -3.7% downside from current levels. In a report issued on December 8, Loop Capital Markets also maintained a Hold rating on the stock with a $60.00 price target.

Carlisle Companies (CSL)

In a report issued on December 7, Timothy Wojs from Robert W. Baird maintained a Buy rating on Carlisle Companies, with a price target of $312.00. The company’s shares closed last Friday at $295.10, close to its 52-week high of $299.26.

According to TipRanks.com, Wojs is a 4-star analyst with an average return of 5.1% and a 56.1% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, Masonite International, and Stanley Black & Decker.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carlisle Companies with a $315.50 average price target, implying a 6.9% upside from current levels. In a report issued on December 8, Loop Capital Markets also maintained a Buy rating on the stock with a $325.00 price target.

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