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Analysts Offer Insights on Industrial Goods Companies: Mayville Engineering Company (MEC), Xylem (XYL) and LCI Industries (LCII)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Mayville Engineering Company (MECResearch Report), Xylem (XYLResearch Report) and LCI Industries (LCIIResearch Report).

Mayville Engineering Company (MEC)

Robert W. Baird analyst Mircea Dobre reiterated a Hold rating on Mayville Engineering Company on August 2 and set a price target of $8.00. The company’s shares closed last Thursday at $7.11, close to its 52-week low of $6.58.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 12.3% and a 49.3% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, John Bean Technologies, and Helios Technologies.

Mayville Engineering Company has an analyst consensus of Hold, with a price target consensus of $8.00.

See the top stocks recommended by analysts >>

Xylem (XYL)

Robert W. Baird analyst Michael Halloran maintained a Hold rating on Xylem on August 2 and set a price target of $99.00. The company’s shares closed last Thursday at $97.70.

According to TipRanks.com, Halloran is a 5-star analyst with an average return of 9.6% and a 54.9% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Evoqua Water Technologies, and Emerson Electric Company.

Xylem has an analyst consensus of Hold, with a price target consensus of $94.70, which is a -2.0% downside from current levels. In a report issued on August 3, Credit Suisse also upgraded the stock to Hold with a $96.00 price target.

LCI Industries (LCII)

Robert W. Baird analyst Craig Kennison maintained a Buy rating on LCI Industries on August 2 and set a price target of $155.00. The company’s shares closed last Thursday at $125.97.

According to TipRanks.com, Kennison is a 5-star analyst with an average return of 9.1% and a 54.3% success rate. Kennison covers the Consumer Goods sector, focusing on stocks such as MasterCraft Boat Holdings, Winnebago Industries, and Harley-Davidson.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for LCI Industries with a $136.50 average price target, representing a 3.8% upside. In a report issued on August 2, Truist Financial also maintained a Buy rating on the stock with a $140.00 price target.

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