tiprankstipranks
In this article:
Blurbs

Analysts Offer Insights on Industrial Goods Companies: Deere (DE), Generac Holdings (GNRC) and Lumentum Holdings (LITE)

In this article:
In this article:

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Deere (DEResearch Report), Generac Holdings (GNRCResearch Report) and Lumentum Holdings (LITEResearch Report) with bullish sentiments.

Deere (DE)

In a report issued on March 31, Mircea Dobre from Robert W. Baird maintained a Buy rating on Deere, with a price target of $487.00. The company’s shares closed last Friday at $416.80.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 15.4% and a 53.6% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and John Bean Technologies.

Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $437.40.

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

Generac Holdings (GNRC)

In a report issued on March 31, Michael Halloran from Robert W. Baird maintained a Buy rating on Generac Holdings, with a price target of $369.00. The company’s shares closed last Friday at $301.00.

According to TipRanks.com, Halloran is a 5-star analyst with an average return of 13.8% and a 61.5% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Watts Water Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Generac Holdings with a $433.29 average price target.

Lumentum Holdings (LITE)

Rosenblatt Securities analyst Michael Genovese maintained a Buy rating on Lumentum Holdings on March 31 and set a price target of $125.00. The company’s shares closed last Friday at $95.50.

According to TipRanks.com, Genovese is a 5-star analyst with an average return of 11.7% and a 58.8% success rate. Genovese covers the Technology sector, focusing on stocks such as NeoPhotonics, Infinera, and Ciena.

Currently, the analyst consensus on Lumentum Holdings is a Strong Buy with an average price target of $117.40.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on DE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed

In this article:

Latest News Feed