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Analysts Are Bullish on These Industrial Goods Stocks: Lennox International (LII), APi Group (APG)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Lennox International (LIIResearch Report), APi Group (APGResearch Report) and Montrose Environmental Group (MEGResearch Report) with bullish sentiments.

Lennox International (LII)

Mizuho Securities analyst Brett Linzey reiterated a Buy rating on Lennox International on January 31 and set a price target of $490.00. The company’s shares closed last Friday at $419.98.

According to TipRanks.com, Linzey is a 5-star analyst with an average return of 9.5% and a 69.8% success rate. Linzey covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lennox International with a $457.54 average price target, an 8.5% upside from current levels. In a report issued on January 31, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $523.00 price target.

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APi Group (APG)

Robert W. Baird analyst Andrew Wittmann maintained a Buy rating on APi Group on February 1 and set a price target of $38.00. The company’s shares closed last Friday at $33.61, close to its 52-week high of $34.92.

According to TipRanks.com, Wittmann is a 5-star analyst with an average return of 16.0% and a 72.3% success rate. Wittmann covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, Concrete Pumping Holdings, and Construction Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for APi Group with a $36.33 average price target, implying a 10.6% upside from current levels. In a report issued on January 25, UBS also initiated coverage with a Buy rating on the stock with a $40.00 price target.

Montrose Environmental Group (MEG)

Stifel Nicolaus analyst Michael E. Hoffman maintained a Buy rating on Montrose Environmental Group today and set a price target of $36.00. The company’s shares closed last Friday at $31.25.

According to TipRanks.com, Hoffman is a 5-star analyst with an average return of 11.6% and a 59.2% success rate. Hoffman covers the Industrial Goods sector, focusing on stocks such as PureCycle Technologies, GFL Environmental, and Republic Services.

Currently, the analyst consensus on Montrose Environmental Group is a Strong Buy with an average price target of $43.67.

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