Analysts Offer Insights on Industrial Goods Companies: IDEX (IEX), Boeing (BA) and Universal Technical Institute (UTI)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on IDEX (IEX – Research Report), Boeing (BA – Research Report) and Universal Technical Institute (UTI – Research Report) with bullish sentiments.

IDEX (IEX)

In a report released today, Walter Liptak from Seaport Global maintained a Buy rating on IDEX, with a price target of $240.00. The company’s shares closed last Wednesday at $224.64.

According to TipRanks.com, Liptak is a 4-star analyst with an average return of 10.1% and a 59.0% success rate. Liptak covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, John Bean Technologies, and Gibraltar Industries.

Currently, the analyst consensus on IDEX is a Strong Buy with an average price target of $253.33, implying a 9.6% upside from current levels. In a report issued on April 18, Oppenheimer also maintained a Buy rating on the stock with a $252.00 price target.

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Boeing (BA)

In a report released today, Richard Safran from Seaport Global maintained a Buy rating on Boeing, with a price target of $262.00. The company’s shares closed last Wednesday at $164.33, close to its 52-week low of $162.74.

According to TipRanks.com, Safran is a 2-star analyst with an average return of 1.6% and a 52.6% success rate. Safran covers the Industrial Goods sector, focusing on stocks such as General Dynamics, Lockheed Martin, and Hexcel.

Currently, the analyst consensus on Boeing is a Moderate Buy with an average price target of $227.67, representing a 29.0% upside. In a report issued on April 10, RBC Capital also maintained a Buy rating on the stock with a $225.00 price target.

Universal Technical Institute (UTI)

Lake Street analyst Eric Martinuzzi maintained a Buy rating on Universal Technical Institute today and set a price target of $17.00. The company’s shares closed last Wednesday at $14.62, close to its 52-week high of $16.37.

According to TipRanks.com, Martinuzzi is a 3-star analyst with an average return of 1.1% and a 39.5% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as CommVault Systems, Extreme Networks, and One Stop Systems.

Currently, the analyst consensus on Universal Technical Institute is a Strong Buy with an average price target of $17.60.

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Read More on IEX:

• IDEX Corporation Shares Quarterly Performance Insights
• Idex Corp. sees 2024 adjusted EPS $8.15-$8.45, consensus $8.33
• Idex Corp. sees Q2 adjusted EPS $2.00-$2.05, consensus $2.12
• Idex Corp. reports Q1 adjusted EPS $1.88, consensus $1.76
• Idex Corp. price target raised to $277 from $254 at Citi