There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Caterpillar (CAT – Research Report), Evolv Technologies Holdings (EVLV – Research Report) and Shyft Group (SHYF – Research Report) with bullish sentiments.
Caterpillar (CAT)
Jefferies analyst Stephen Volkmann maintained a Buy rating on Caterpillar yesterday and set a price target of $395.00. The company’s shares closed last Friday at $321.91, close to its 52-week high of $334.87.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of
Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $319.94, implying a -1.2% downside from current levels. In a report issued on February 6, J.P. Morgan also maintained a Buy rating on the stock with a $385.00 price target.
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Evolv Technologies Holdings (EVLV)
Cantor Fitzgerald analyst Brett Knoblauch maintained a Buy rating on Evolv Technologies Holdings yesterday and set a price target of $8.00. The company’s shares closed last Friday at $5.23.
According to TipRanks.com, Knoblauch is a 2-star analyst with an average return of
Currently, the analyst consensus on Evolv Technologies Holdings is a Strong Buy with an average price target of $7.38, implying a 36.7% upside from current levels. In a report issued on February 8, Northland Securities also maintained a Buy rating on the stock with a $8.50 price target.
Shyft Group (SHYF)
Craig-Hallum analyst Steven Dyer maintained a Buy rating on Shyft Group today. The company’s shares closed last Friday at $11.50, close to its 52-week low of $10.39.
Dyer has an average return of
According to TipRanks.com, Dyer is ranked #963 out of 8727 analysts.
The the analyst consensus on Shyft Group is currently a Moderate Buy rating.
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Read More on CAT:
- Why Caterpillar Stock (NYSE:CAT) Can Keep Rising Despite a Growth Slowdown
- Caterpillar price target raised to $326 from $266 at DA Davidson
- DE vs. CAT: Which Heavy Machinery Stock Is the Better Buy?
- Caterpillar price target raised to $360 from $275 at Argus
- Caterpillar price target raised to $315 from $250 at Barclays
