Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Automatic Data Processing (ADP – Research Report), Rockwell Automation (ROK – Research Report) and Old Dominion Freight (ODFL – Research Report).
Automatic Data Processing (ADP)
In a report released yesterday, Jason Kupferberg from Bank of America Securities maintained a Hold rating on Automatic Data Processing, with a price target of $243.00. The company’s shares closed last Wednesday at $245.78.
According to TipRanks.com, Kupferberg is a 4-star analyst with an average return of
Automatic Data Processing has an analyst consensus of Hold, with a price target consensus of $249.00, which is a 1.1% upside from current levels. In a report released yesterday, TD Cowen also maintained a Hold rating on the stock with a $243.00 price target.
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Rockwell Automation (ROK)
Wells Fargo analyst Joe O’Dea maintained a Buy rating on Rockwell Automation yesterday and set a price target of $357.00. The company’s shares closed last Wednesday at $253.28, close to its 52-week low of $252.19.
According to TipRanks.com, O’Dea is a 4-star analyst with an average return of
Rockwell Automation has an analyst consensus of Hold, with a price target consensus of $304.36, implying a 15.3% upside from current levels. In a report issued on January 26, Oppenheimer also maintained a Buy rating on the stock with a $324.00 price target.
Old Dominion Freight (ODFL)
In a report released yesterday, Ken Hoexter from Bank of America Securities reiterated a Buy rating on Old Dominion Freight, with a price target of $443.00. The company’s shares closed last Wednesday at $391.02.
According to TipRanks.com, Hoexter is a 4-star analyst with an average return of
Currently, the analyst consensus on Old Dominion Freight is a Moderate Buy with an average price target of $427.88, a 5.5% upside from current levels. In a report released yesterday, Susquehanna also maintained a Buy rating on the stock with a $465.00 price target.
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