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Analysts Conflicted on These Industrial Goods Names: FedEx (FDX) and GMS (GMS)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on FedEx (FDXResearch Report) and GMS (GMSResearch Report).

FedEx (FDX)

Barclays analyst Brandon Oglenski maintained a Buy rating on FedEx on June 24 and set a price target of $320.00. The company’s shares closed last Friday at $243.24.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 3.6% and a 51.6% success rate. Oglenski covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, Canadian National Railway, and Allegiant Travel Company.

Currently, the analyst consensus on FedEx is a Strong Buy with an average price target of $293.86, a 24.0% upside from current levels. In a report issued on June 14, Stephens also maintained a Buy rating on the stock with a $285.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

GMS (GMS)

In a report issued on June 23, Matthew Bouley from Barclays maintained a Hold rating on GMS, with a price target of $50.00. The company’s shares closed last Friday at $44.41.

According to TipRanks.com, Bouley is a 5-star analyst with an average return of 16.3% and a 56.6% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, SiteOne Landscape Supply, and Hillman Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GMS with a $50.67 average price target, representing a 22.8% upside. In a report issued on June 22, RBC Capital also downgraded the stock to Hold with a $46.00 price target.

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