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Analysts Offer Insights on Industrial Goods Companies: Baker Hughes Company (BKR), CSX (CSX) and Generac Holdings (GNRC)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Baker Hughes Company (BKRResearch Report), CSX (CSXResearch Report) and Generac Holdings (GNRCResearch Report) with bullish sentiments.

Baker Hughes Company (BKR)

In a report released today, Connor Lynagh from Morgan Stanley maintained a Buy rating on Baker Hughes Company, with a price target of $33.00. The company’s shares closed last Wednesday at $25.89.

According to TipRanks.com, Lynagh is a 1-star analyst with an average return of -2.7% and a 49.8% success rate. Lynagh covers the Industrial Goods sector, focusing on stocks such as ProFrac Holding Corp Class A, Nextier Oilfield Solutions, and Liberty Oilfield Services.

Baker Hughes Company has an analyst consensus of Strong Buy, with a price target consensus of $35.19, a 38.5% 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 >>

CSX (CSX)

In a report released today, Patrick Brown from Raymond James maintained a Buy rating on CSX, with a price target of $36.00. The company’s shares closed last Wednesday at $29.73.

According to TipRanks.com, Brown is a top 100 analyst with an average return of 16.9% and a 69.9% success rate. Brown covers the Industrial Goods sector, focusing on stocks such as Old Dominion Freight, Union Pacific, and United Parcel.

Currently, the analyst consensus on CSX is a Moderate Buy with an average price target of $35.76, which is a 21.2% upside from current levels. In a report issued on July 15, Stifel Nicolaus also upgraded the stock to Buy with a $37.00 price target.

Generac Holdings (GNRC)

In a report released today, Jeffrey Hammond from KeyBanc maintained a Buy rating on Generac Holdings, with a price target of $325.00. The company’s shares closed last Wednesday at $249.20, close to its 52-week low of $197.94.

According to TipRanks.com, Hammond is a 4-star analyst with an average return of 8.5% and a 53.1% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Gates Industrial, Parker Hannifin, and Carrier Global.

Generac Holdings has an analyst consensus of Strong Buy, with a price target consensus of $381.27, implying a 62.9% upside from current levels. In a report issued on July 6, Northland Securities also maintained a Buy rating on the stock with a $370.00 price target.

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