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Analysts Offer Insights on Industrial Goods Companies: Knight Transportation (KNX), Westinghouse Air Brake Technologies (WAB) and Allegion (ALLE)

Analysts fell to the sidelines weighing in on Knight Transportation (KNXResearch Report), Westinghouse Air Brake Technologies (WABResearch Report) and Allegion (ALLEResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Westinghouse Air Brake Technologies (WAB)

Goldman Sachs analyst Jerry Revich maintained a Hold rating on Westinghouse Air Brake Technologies on April 24 and set a price target of $160.00. The company’s shares closed last Thursday at $163.18.

According to TipRanks.com, Revich is a 5-star analyst with an average return of 11.4% and a 59.5% success rate. Revich covers the Industrial Goods sector, focusing on stocks such as Atmus Filtration Technologies, Inc., Granite Construction, and Republic Services.

Westinghouse Air Brake Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $166.64, implying a 2.6% upside from current levels. In a report released yesterday, TD Cowen also maintained a Hold rating on the stock with a $147.00 price target.

Allegion (ALLE)

Barclays analyst Julian Mitchell maintained a Hold rating on Allegion today and set a price target of $122.00. The company’s shares closed last Thursday at $124.87.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 14.4% and a 62.7% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker.

Allegion has an analyst consensus of Hold, with a price target consensus of $135.38, representing a 7.0% upside. In a report issued on April 14, Wells Fargo also maintained a Hold rating on the stock with a $141.00 price target.

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