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Analysts Offer Insights on Industrial Goods Companies: American Axle (AXL) and Beacon Roofing Supply (BECN)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on American Axle (AXLResearch Report) and Beacon Roofing Supply (BECNResearch Report).

American Axle (AXL)

RBC Capital analyst Joseph Spak maintained a Hold rating on American Axle on May 6 and set a price target of $7.00. The company’s shares closed last Friday at $6.95, close to its 52-week low of $6.41.

According to TipRanks.com, Spak ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -13.3% and a 41.4% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and Dana Holding.

Currently, the analyst consensus on American Axle is a Hold with an average price target of $9.13, which is a 28.2% upside from current levels. In a report issued on April 21, Deutsche Bank also maintained a Hold rating on the stock with a $8.00 price target.

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

Beacon Roofing Supply (BECN)

RBC Capital analyst Michael Dahl maintained a Buy rating on Beacon Roofing Supply on May 6 and set a price target of $70.00. The company’s shares closed last Friday at $63.44, close to its 52-week high of $64.90.

According to TipRanks.com, Dahl is a 4-star analyst with an average return of 6.0% and a 53.4% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Taylor Morrison, Toll Brothers, and PulteGroup.

Beacon Roofing Supply has an analyst consensus of Moderate Buy, with a price target consensus of $68.75, representing a 7.9% upside. In a report issued on May 5, Robert W. Baird also maintained a Buy rating on the stock with a $83.00 price target.

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