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Analysts Are Bullish on Top Industrial Goods Stocks: Enovix (ENVX), FedEx (FDX)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Enovix (ENVXResearch Report) and FedEx (FDXResearch Report) with bullish sentiments.

Enovix (ENVX)

Colliers Securities analyst Derek Soderberg reiterated a Buy rating on Enovix today and set a price target of $65.00. The company’s shares closed last Thursday at $14.52, close to its 52-week low of $12.28.

According to TipRanks.com, Soderberg has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -6.1% and a 35.1% success rate. Soderberg covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Lattice Semiconductor, and Digi International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enovix with a $41.00 average price target, a 195.0% upside from current levels. In a report issued on March 4, Craig-Hallum also maintained a Buy rating on the stock with a $35.00 price target.

See the top stocks recommended by analysts >>

FedEx (FDX)

Evercore ISI analyst Duane Pfennigwerth maintained a Buy rating on FedEx today and set a price target of $300.00. The company’s shares closed last Thursday at $227.98.

According to TipRanks.com, Pfennigwerth is a 1-star analyst with an average return of -2.8% and a 37.9% success rate. Pfennigwerth covers the Industrial Goods sector, focusing on stocks such as Controladora Vuela Compania de Aviacion SAB de CV, Sun Country Airlines Holdings, and Allegiant Travel Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for FedEx with a $295.73 average price target, implying a 33.4% upside from current levels. In a report released today, Citigroup also maintained a Buy rating on the stock with a $270.00 price target.

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