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TipRanksStock Market NewsGGG NewsAnalysts Offer Insights on Industrial Goods Companies: Graco (GGG), Xometry (XMTR) and Covenant Logistics Group (CVLG)
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Analysts Offer Insights on Industrial Goods Companies: Graco (GGG), Xometry (XMTR) and Covenant Logistics Group (CVLG)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Graco (GGGResearch Report), Xometry (XMTRResearch Report) and Covenant Logistics Group (CVLGResearch Report).

Graco (GGG)

In a report issued on June 23, Deane Dray from RBC Capital maintained a Buy rating on Graco, with a price target of $79.00. The company’s shares closed last Friday at $60.82.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 7.2% and a 45.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Evoqua Water Technologies, and Emerson Electric Company.

Currently, the analyst consensus on Graco is a Moderate Buy with an average price target of $73.00, which is a 23.1% upside from current levels. In a report issued on June 21, Robert W. Baird also maintained a Buy rating on the stock with a $71.00 price target.

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

Xometry (XMTR)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Xometry on June 23 and set a price target of $46.00. The company’s shares closed last Friday at $35.48, close to its 52-week low of $26.61.

According to TipRanks.com, Hedberg is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.2% and a 34.2% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and DoubleVerify Holdings.

Currently, the analyst consensus on Xometry is a Strong Buy with an average price target of $55.00, which is a 43.6% upside from current levels. In a report issued on June 9, Goldman Sachs also maintained a Buy rating on the stock with a $44.00 price target.

Covenant Logistics Group (CVLG)

In a report issued on June 24, Bert Subin from Stifel Nicolaus maintained a Hold rating on Covenant Logistics Group, with a price target of $25.00. The company’s shares closed last Friday at $25.71.

According to TipRanks.com, Subin is a 2-star analyst with an average return of 0.4% and a 42.1% success rate. Subin covers the Industrial Goods sector, focusing on stocks such as Knight Transportation, Schneider National, and Werner Enterprises.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Covenant Logistics Group with a $22.00 average price target.

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