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Analysts Offer Insights on Industrial Goods Companies: Baker Hughes Company (BKR) and Knight Transportation (KNX)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Baker Hughes Company (BKRResearch Report) and Knight Transportation (KNXResearch Report) with bullish sentiments.

Baker Hughes Company (BKR)

According to TipRanks.com, West is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -16.8% and a 33.3% success rate. West covers the Industrial Goods sector, focusing on stocks such as Nextier Oilfield Solutions, Eos Energy Enterprises, and Energy Recovery.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baker Hughes Company with a $34.79 average price target, a 38.2% upside from current levels. In a report issued on July 7, RBC Capital also maintained a Buy rating on the stock with a $41.00 price target.

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

Knight Transportation (KNX)

In a report released yesterday, Jonathan Chappell from Evercore ISI maintained a Buy rating on Knight Transportation, with a price target of $59.00. The company’s shares closed last Thursday at $52.08.

According to TipRanks.com, Chappell is a 5-star analyst with an average return of 13.8% and a 58.1% success rate. Chappell covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Old Dominion Freight, and Schneider National.

Currently, the analyst consensus on Knight Transportation is a Strong Buy with an average price target of $60.78, representing a 17.6% upside. In a report issued on July 12, Barclays also maintained a Buy rating on the stock with a $58.00 price target.

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Read More on BKR:

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