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Analysts Are Neutral on Top Industrial Goods Stocks: Mayville Engineering Company (MEC), Expeditors International (EXPD)

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Analysts fell to the sidelines weighing in on Mayville Engineering Company (MECResearch Report), Expeditors International (EXPDResearch Report) and Flowserve (FLSResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Mayville Engineering Company (MEC)

In a report issued on May 3, Mircea Dobre from Robert W. Baird reiterated a Hold rating on Mayville Engineering Company, with a price target of $10.00. The company’s shares closed last Wednesday at $9.02, close to its 52-week low of $8.04.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 13.4% and a 51.3% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, John Bean Technologies, and Zurn Water Solutions.

The word on The Street in general, suggests a Hold analyst consensus rating for Mayville Engineering Company with a $10.00 average price target.

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Expeditors International (EXPD)

In a report issued on May 3, Garrett Holland from Robert W. Baird maintained a Hold rating on Expeditors International, with a price target of $110.00. The company’s shares closed last Wednesday at $110.81.

According to TipRanks.com, Holland is a 3-star analyst with an average return of 2.2% and a 52.8% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Knight Transportation, Old Dominion Freight, and Werner Enterprises.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Expeditors International with a $107.67 average price target, representing a 3.9% upside. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $101.00 price target.

Flowserve (FLS)

In a report issued on May 3, Michael Halloran from Robert W. Baird maintained a Hold rating on Flowserve, with a price target of $41.00. The company’s shares closed last Wednesday at $32.90.

According to TipRanks.com, Halloran is a 4-star analyst with an average return of 9.6% and a 51.2% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Emerson Electric Company.

Flowserve has an analyst consensus of Moderate Buy, with a price target consensus of $36.71, implying a 18.9% upside from current levels. In a report issued on May 2, Oppenheimer also maintained a Hold rating on the stock.

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