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Analysts Offer Insights on Industrial Goods Companies: CSX (CSX), Lockheed Martin (LMT) and Regal Rexnord (RRX)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on CSX (CSXResearch Report), Lockheed Martin (LMTResearch Report) and Regal Rexnord (RRXResearch Report).

CSX (CSX)

In a report issued on January 24, Garrett Holland from Robert W. Baird maintained a Buy rating on CSX, with a price target of $38.00. The company’s shares closed last Thursday at $35.00, close to its 52-week high of $35.09.

According to TipRanks.com, Holland is a 3-star analyst with an average return of 3.6% and a 59.2% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Schneider National.

CSX has an analyst consensus of Strong Buy, with a price target consensus of $37.75, representing a 9.4% upside. In a report issued on January 10, Barclays also maintained a Buy rating on the stock with a $41.00 price target.

See today’s best-performing stocks on TipRanks >>

Lockheed Martin (LMT)

Robert W. Baird analyst Peter Arment maintained a Hold rating on Lockheed Martin on January 23 and set a price target of $488.00. The company’s shares closed last Thursday at $431.04.

According to TipRanks.com, Arment is a 5-star analyst with an average return of 10.3% and a 64.1% success rate. Arment covers the Industrial Goods sector, focusing on stocks such as Honeywell International, L3Harris Technologies, and Raytheon Technologies.

Lockheed Martin has an analyst consensus of Hold, with a price target consensus of $485.93, a 13.0% upside from current levels. In a report issued on January 11, Wells Fargo also maintained a Hold rating on the stock with a $482.00 price target.

Regal Rexnord (RRX)

In a report issued on January 23, Michael Halloran from Robert W. Baird maintained a Buy rating on Regal Rexnord, with a price target of $166.00. The company’s shares closed last Thursday at $137.83.

According to TipRanks.com, Halloran is a 5-star analyst with an average return of 10.1% and a 60.1% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Emerson Electric Company.

Currently, the analyst consensus on Regal Rexnord is a Strong Buy with an average price target of $167.13.

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