There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Gates Industrial (GTES – Research Report) and PROG Holdings (PRG – Research Report) with bullish sentiments.
Gates Industrial (GTES)
KeyBanc analyst Jeffrey Hammond upgraded Gates Industrial to Buy today and set a price target of $18.00. The company’s shares closed last Wednesday at $14.17.
According to TipRanks.com, Hammond 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 Gates Industrial with a $16.17 average price target, a 19.8% upside from current levels. In a report issued on February 8, Robert W. Baird also maintained a Buy rating on the stock with a $18.00 price target.
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PROG Holdings (PRG)
KeyBanc analyst Bradley Thomas reiterated a Buy rating on PROG Holdings today and set a price target of $44.00. The company’s shares closed last Wednesday at $31.85.
According to TipRanks.com, Thomas is a 5-star analyst with an average return of
PROG Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $38.50.
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Read More on GTES:
- Gates Industrial Announces Secondary Offering and Share Buyback
- Gates Industrial announces offering of 17.5M ordinary shares for holders
- Gates Industrial price target lowered to $18 from $19 at Baird
- Gates Industrial price target raised to $15 from $14 at Barclays
- Gates Industrial Reports Fourth-Quarter and Full Year 2023 Results
