Analysts Offer Insights on Industrial Goods Companies: Nordson (NDSN), Boeing (BA) and GFL Environmental (GFL)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Nordson (NDSN – Research Report), Boeing (BA – Research Report) and GFL Environmental (GFL – Research Report) with bullish sentiments.

Nordson (NDSN)

D.A. Davidson analyst Matt Summerville maintained a Buy rating on Nordson today. The company’s shares closed last Wednesday at $261.69, close to its 52-week high of $267.46.

According to TipRanks.com, Summerville is a 4-star analyst with an average return of 6.9% and a 52.8% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as A. O. Smith Corporation, Alta Equipment Group, and Franklin Electric Co.

Currently, the analyst consensus on Nordson is a Moderate Buy with an average price target of $262.67, implying a -0.9% downside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $290.00 price target.

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Boeing (BA)

Jefferies analyst Sheila Kahyaoglu maintained a Buy rating on Boeing yesterday and set a price target of $300.00. The company’s shares closed last Wednesday at $201.57.

According to TipRanks.com, Kahyaoglu is a 5-star analyst with an average return of 8.1% and a 62.6% success rate. Kahyaoglu covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, L3Harris Technologies, and Spirit AeroSystems.

Boeing has an analyst consensus of Moderate Buy, with a price target consensus of $262.67, which is a 29.5% upside from current levels. In a report issued on February 13, UBS also maintained a Buy rating on the stock with a $275.00 price target.

GFL Environmental (GFL)

Jefferies analyst Stephanie Moore reiterated a Buy rating on GFL Environmental yesterday and set a price target of $46.00. The company’s shares closed last Wednesday at $35.43.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 23.2% and a 66.7% success rate. Moore covers the Industrial Goods sector, focusing on stocks such as Waste Connections, Republic Services, and Waste Management.

Currently, the analyst consensus on GFL Environmental is a Strong Buy with an average price target of $41.28, implying a 16.2% upside from current levels. In a report issued on February 16, National Bank also maintained a Buy rating on the stock with a C$55.00 price target.

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Read More on NDSN:

• Nordson Corp Q1 Fiscal 2024 Performance Webcast Announcement
• Nordson Corp Welcomes Annette Clayton as New Director
• NDSN Upcoming Earnings Report: What to Expect?
• Nordson EVP Lovass sells 2,000 common shares
• Nordson sees FY24 EPS up 1%-8%, revenue up 4%-9%