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TipRanksStock Market NewsMGA NewsAnalysts Offer Insights on Industrial Goods Companies: Magna International (MGA), NOV (NOV) and TFI International (TFII)
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Analysts Offer Insights on Industrial Goods Companies: Magna International (MGA), NOV (NOV) and TFI International (TFII)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Magna International (MGAResearch Report), NOV (NOVResearch Report) and TFI International (TFIIResearch Report).

Magna International (MGA)

RBC Capital analyst Joseph Spak maintained a Buy rating on Magna International on April 29 and set a price target of $79.00. The company’s shares closed last Friday at $60.27, close to its 52-week low of $54.60.

According to TipRanks.com, Spak ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -13.1% and a 41.9% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, American Axle, and Dana Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magna International with a $77.47 average price target, which is a 26.3% upside from current levels. In a report issued on April 22, J.P. Morgan also maintained a Buy rating on the stock with a $92.00 price target.

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

NOV (NOV)

RBC Capital analyst Keith Mackey maintained a Hold rating on NOV on April 29 and set a price target of $23.00. The company’s shares closed last Friday at $18.13.

According to TipRanks.com, Mackey is a 5-star analyst with an average return of 33.8% and a 70.5% success rate. Mackey covers the Industrial Goods sector, focusing on stocks such as Liberty Oilfield Services, Baker Hughes Company, and Trican Well Service.

The word on The Street in general, suggests a Hold analyst consensus rating for NOV with a $19.96 average price target.

TFI International (TFII)

RBC Capital analyst Walter Spracklin maintained a Buy rating on TFI International on April 29 and set a price target of $100.00. The company’s shares closed last Friday at $80.48, close to its 52-week low of $78.37.

According to TipRanks.com, Spracklin is a 5-star analyst with an average return of 17.8% and a 62.7% success rate. Spracklin covers the Industrial Goods sector, focusing on stocks such as Andlauer Healthcare Group, Canadian National Railway, and Norfolk Southern.

Currently, the analyst consensus on TFI International is a Strong Buy with an average price target of $115.47, a 31.6% upside from current levels. In a report issued on April 14, TD Securities also maintained a Buy rating on the stock with a C$125.00 price target.

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