Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Armstrong World (AWI – Research Report), Hexcel (HXL – Research Report) and Allegion (ALLE – Research Report).
Armstrong World (AWI)
In a report released yesterday, Rafe Jadrosich from Bank of America Securities reiterated a Buy rating on Armstrong World, with a price target of $132.00. The company’s shares closed last Tuesday at $117.45, equals to its 52-week high of $117.45.
According to TipRanks.com, Jadrosich is a 5-star analyst with an average return of
Armstrong World has an analyst consensus of Moderate Buy, with a price target consensus of $111.00, implying a -2.1% downside from current levels. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock.
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Hexcel (HXL)
Bank of America Securities analyst Ronald Epstein maintained a Hold rating on Hexcel today and set a price target of $75.00. The company’s shares closed last Tuesday at $72.40.
According to TipRanks.com, Epstein is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hexcel with a $76.00 average price target, implying a 3.8% upside from current levels. In a report released yesterday, TD Cowen also maintained a Hold rating on the stock with a $70.00 price target.
Allegion (ALLE)
Bank of America Securities analyst Andrew Obin reiterated a Sell rating on Allegion yesterday and set a price target of $95.00. The company’s shares closed last Tuesday at $132.06, close to its 52-week high of $136.91.
According to TipRanks.com, Obin is a 5-star analyst with an average return of
Allegion has an analyst consensus of Hold, with a price target consensus of $132.50.
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Read More on AWI:
- Armstrong World Q4 and Full Year 2023 Financial Results Webcast
- Armstrong World Declares Quarterly Dividend, Signals Financial Health
- Armstrong World price target raised to $110 from $88 at BofA
- Armstrong World price target raised to $98 from $84 at Loop Capital
- Armstrong World in strategic pact with McKinstry, no terms
