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Analysts Offer Insights on Industrial Goods Companies: Beacon Roofing Supply (BECN), Belden (BDC) and International Seaways (INSW)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Beacon Roofing Supply (BECNResearch Report), Belden (BDCResearch Report) and International Seaways (INSWResearch Report) with bullish sentiments.

Beacon Roofing Supply (BECN)

In a report released yesterday, Stanley Elliott from Stifel Nicolaus maintained a Buy rating on Beacon Roofing Supply, with a price target of $80.00. The company’s shares closed last Thursday at $59.14.

According to TipRanks.com, Elliott is a 5-star analyst with an average return of 13.8% and a 64.1% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Construction Partners, Manitowoc Company, and Generac Holdings.

Currently, the analyst consensus on Beacon Roofing Supply is a Moderate Buy with an average price target of $65.89, implying an 11.5% upside from current levels. In a report issued on August 4, Robert W. Baird also maintained a Buy rating on the stock with a $77.00 price target.

See the top stocks recommended by analysts >>

Belden (BDC)

Stifel Nicolaus analyst Noelle Dilts maintained a Buy rating on Belden yesterday and set a price target of $78.00. The company’s shares closed last Thursday at $68.12, close to its 52-week high of $68.87.

According to TipRanks.com, Dilts is a 4-star analyst with an average return of 9.3% and a 52.5% success rate. Dilts covers the Industrial Goods sector, focusing on stocks such as Infrastructure and Energy Alter, Atlas Technical Consultants, and Markforged Holding.

Belden has an analyst consensus of Moderate Buy, with a price target consensus of $74.00, which is an 8.7% upside from current levels. In a report issued on August 4, Truist Financial also maintained a Buy rating on the stock with a $77.00 price target.

International Seaways (INSW)

Stifel Nicolaus analyst Benjamin Nolan maintained a Buy rating on International Seaways yesterday and set a price target of $32.00. The company’s shares closed last Thursday at $28.28.

According to TipRanks.com, Nolan is a 5-star analyst with an average return of 19.3% and a 65.5% success rate. Nolan covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Cheniere Energy Partners, and World Fuel Services.

Currently, the analyst consensus on International Seaways is a Strong Buy with an average price target of $34.00, representing a 23.4% upside. In a report issued on July 27, BTIG also upgraded the stock to Buy with a $30.00 price target.

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