Analysts Conflicted on These Industrial Goods Names: Boeing (BA), Caterpillar (CAT) and Enovix (ENVX)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Boeing (BA – Research Report), Caterpillar (CAT – Research Report) and Enovix (ENVX – Research Report).

Boeing (BA)

In a report released today, Seth Seifman from J.P. Morgan maintained a Buy rating on Boeing, with a price target of $210.00. The company’s shares closed last Wednesday at $164.33, close to its 52-week low of $162.74.

According to TipRanks.com, Seifman is a 5-star analyst with an average return of 10.1% and a 70.7% success rate. Seifman covers the Industrial Goods sector, focusing on stocks such as Huntington Ingalls, General Dynamics, and Northrop Grumman.

Currently, the analyst consensus on Boeing is a Moderate Buy with an average price target of $228.29, representing a 29.3% upside. In a report issued on April 10, RBC Capital also maintained a Buy rating on the stock with a $225.00 price target.

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Caterpillar (CAT)

Robert W. Baird analyst Mircea Dobre maintained a Sell rating on Caterpillar today and set a price target of $257.00. The company’s shares closed last Wednesday at $363.52, close to its 52-week high of $382.01.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 11.9% and a 51.1% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and John Bean Technologies.

Currently, the analyst consensus on Caterpillar is a Moderate Buy with an average price target of $339.41.

Enovix (ENVX)

In a report released today, Derek Soderberg from Cantor Fitzgerald maintained a Buy rating on Enovix, with a price target of $30.00. The company’s shares closed last Wednesday at $6.02, close to its 52-week low of $5.80.

According to TipRanks.com, Soderberg has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -6.3% and a 38.8% success rate. Soderberg covers the Technology sector, focusing on stocks such as Shoals Technologies Group, NEXTracker, Inc. Class A, and Array Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enovix with a $32.63 average price target, a 439.3% upside from current levels. In a report issued on April 16, Craig-Hallum also assigned a Buy rating to the stock.

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Read More on BA:

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