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Analysts Have Conflicting Sentiments on These Industrial Goods Companies: American Axle (AXL) and Baker Hughes Company (BKR)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on American Axle (AXLResearch Report) and Baker Hughes Company (BKRResearch Report).

American Axle (AXL)

In a report issued on July 7, Joseph Spak from RBC Capital maintained a Hold rating on American Axle, with a price target of $8.00. The company’s shares closed last Friday at $7.39.

According to TipRanks.com, Spak has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -14.6% and a 40.4% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and Dana Holding.

American Axle has an analyst consensus of Hold, with a price target consensus of $8.67.

See today’s best-performing stocks on TipRanks >>

Baker Hughes Company (BKR)

RBC Capital analyst Keith Mackey maintained a Buy rating on Baker Hughes Company on July 7 and set a price target of $41.00. The company’s shares closed last Friday at $28.47.

According to TipRanks.com, Mackey is a 5-star analyst with an average return of 24.0% and a 65.2% success rate. Mackey covers the Industrial Goods sector, focusing on stocks such as Liberty Oilfield Services, Trican Well Service, and Precision Drilling.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baker Hughes Company with a $39.37 average price target, representing a 36.2% upside. In a report issued on June 24, Cowen & Co. also maintained a Buy rating on the stock with a $36.00 price target.

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