There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Graco (GGG – Research Report) and Canadian Pacific (CP – Research Report) with bullish sentiments.
Graco (GGG)
In a report released yesterday, Deane Dray from RBC Capital maintained a Buy rating on Graco, with a price target of $93.00. The company’s shares closed last Tuesday at $86.84, close to its 52-week high of $87.94.
According to TipRanks.com, Dray is a 5-star analyst with an average return of
Graco has an analyst consensus of Hold, with a price target consensus of $93.00.
See today’s best-performing stocks on TipRanks >>
Canadian Pacific (CP)
In a report released today, Walter Spracklin from RBC Capital reiterated a Buy rating on Canadian Pacific, with a price target of C$127.00. The company’s shares closed last Tuesday at $79.40.
According to TipRanks.com, Spracklin is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Pacific with a $84.07 average price target, which is a 6.5% upside from current levels. In a report issued on January 18, Desjardins also maintained a Buy rating on the stock with a C$118.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on GGG:
