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Analysts Offer Insights on Industrial Goods Companies: Canadian National Railway (CNI) and General Electric (GE)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Canadian National Railway (CNIResearch Report) and General Electric (GEResearch Report).

Canadian National Railway (CNI)

In a report issued on April 27, Walter Spracklin from RBC Capital maintained a Hold rating on Canadian National Railway, with a price target of C$160.00. The company’s shares closed last Thursday at $121.16.

According to TipRanks.com, Spracklin is a 5-star analyst with an average return of 17.3% and a 61.9% success rate. Spracklin covers the Industrial Goods sector, focusing on stocks such as Andlauer Healthcare Group, TFI International, and Canadian Pacific.

The word on The Street in general, suggests a Hold analyst consensus rating for Canadian National Railway with a $129.59 average price target, representing a 7.1% upside. In a report issued on April 22, Raymond James also downgraded the stock to Hold with a C$175.00 price target.

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

General Electric (GE)

RBC Capital analyst Deane Dray maintained a Buy rating on General Electric on April 27 and set a price target of $108.00. The company’s shares closed last Thursday at $77.73.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 9.7% and a 50.1% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.

Currently, the analyst consensus on General Electric is a Strong Buy with an average price target of $111.42, which is a 42.1% upside from current levels. In a report issued on April 26, Bank of America Securities also maintained a Buy rating on the stock with a $120.00 price target.

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