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Analysts Offer Insights on Industrial Goods Companies: American Axle (AXL), Kornit Digital (KRNT) and Bloom Energy (BE)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on American Axle (AXLResearch Report), Kornit Digital (KRNTResearch Report) and Bloom Energy (BEResearch Report).

American Axle (AXL)

Morgan Stanley analyst Adam Jonas maintained a Buy rating on American Axle today and set a price target of $12.00. The company’s shares closed last Thursday at $10.74, close to its 52-week high of $10.91.

According to TipRanks.com, Jonas is a 5-star analyst with an average return of 8.7% and a 52.1% success rate. Jonas covers the Consumer Goods sector, focusing on stocks such as Penske Automotive Group, Group 1 Automotive, and Rivian Automotive.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Axle with a $9.99 average price target, which is a -5.4% downside from current levels. In a report issued on August 8, Wolfe Research also maintained a Buy rating on the stock with a $10.44 price target.

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Kornit Digital (KRNT)

Craig-Hallum analyst Greg Palm maintained a Hold rating on Kornit Digital today and set a price target of $32.00. The company’s shares closed last Thursday at $35.21, close to its 52-week low of $20.40.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 17.3% and a 54.9% success rate. Palm covers the Technology sector, focusing on stocks such as Allied Motion Technologies, Desktop Metal, and Cyberoptics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kornit Digital with a $53.50 average price target.

Bloom Energy (BE)

In a report released today, Maheep Mandloi from Credit Suisse maintained a Buy rating on Bloom Energy, with a price target of $33.00. The company’s shares closed last Thursday at $29.38.

According to TipRanks.com, Mandloi is a 4-star analyst with an average return of 13.5% and a 60.5% success rate. Mandloi covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, First Solar, and Sunrun.

Currently, the analyst consensus on Bloom Energy is a Moderate Buy with an average price target of $28.00, implying a -5.1% downside from current levels. In a report issued on August 8, J.P. Morgan also maintained a Buy rating on the stock with a $31.00 price target.

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