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Analysts Offer Insights on Industrial Goods Companies: Ametek (AME), Eagle Bulk Shipping (EGLE) and Eaton (ETN)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Ametek (AMEResearch Report), Eagle Bulk Shipping (EGLEResearch Report) and Eaton (ETNResearch Report) with bullish sentiments.

Ametek (AME)

Morgan Stanley analyst Joshua Pokrzywinski maintained a Buy rating on Ametek today and set a price target of $145.00. The company’s shares closed last Wednesday at $126.59.

According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 5.5% and a 52.1% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.

Currently, the analyst consensus on Ametek is a Strong Buy with an average price target of $143.63, implying a 14.2% upside from current levels. In a report issued on July 19, Loop Capital Markets also maintained a Buy rating on the stock with a $155.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Eagle Bulk Shipping (EGLE)

In a report released today, Poe Fratt from Alliance Global Partners initiated coverage with a Buy rating on Eagle Bulk Shipping and a price target of $85.00. The company’s shares closed last Wednesday at $51.75.

Fratt has an average return of 48.3% when recommending Eagle Bulk Shipping.

According to TipRanks.com, Fratt is ranked #31 out of 7991 analysts.

Currently, the analyst consensus on Eagle Bulk Shipping is a Strong Buy with an average price target of $79.67, a 49.9% upside from current levels. In a report issued on July 20, Jefferies also initiated coverage with a Buy rating on the stock with a $64.00 price target.

Eaton (ETN)

UBS analyst Christopher Snyder maintained a Buy rating on Eaton today and set a price target of $173.00. The company’s shares closed last Wednesday at $148.50.

According to TipRanks.com, Snyder is ranked #6426 out of 7991 analysts.

Eaton has an analyst consensus of Moderate Buy, with a price target consensus of $159.00, a 7.6% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $176.00 price target.

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