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Analysts’ Top Industrial Goods Picks: Delta Air Lines (DAL), General Electric (GE)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Delta Air Lines (DALResearch Report), General Electric (GEResearch Report) and Southwest Airlines (LUVResearch Report) with bullish sentiments.

Delta Air Lines (DAL)

Raymond James analyst Savanthi Syth maintained a Buy rating on Delta Air Lines today and set a price target of $50.00. The company’s shares closed last Wednesday at $30.00, close to its 52-week low of $28.76.

According to TipRanks.com, Syth is a 4-star analyst with an average return of 4.3% and a 44.9% success rate. Syth covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Frontier Group Holdings, and Southwest Airlines.

Currently, the analyst consensus on Delta Air Lines is a Strong Buy with an average price target of $53.27, implying a 78.0% upside from current levels. In a report issued on June 9, Argus Research also maintained a Buy rating on the stock with a $46.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

General Electric (GE)

Goldman Sachs analyst Joe Ritchie maintained a Buy rating on General Electric today and set a price target of $82.00. The company’s shares closed last Wednesday at $64.54, close to its 52-week low of $64.17.

According to TipRanks.com, Ritchie is a 4-star analyst with an average return of 8.0% and a 52.6% success rate. Ritchie covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, Timken Company, and Core & Main.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for General Electric with a $96.92 average price target.

Southwest Airlines (LUV)

In a report released today, Brandon Oglenski from Barclays maintained a Buy rating on Southwest Airlines, with a price target of $50.00. The company’s shares closed last Wednesday at $35.69, close to its 52-week low of $34.36.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 3.2% and a 50.6% success rate. Oglenski covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, Canadian National Railway, and Allegiant Travel Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Southwest Airlines with a $54.36 average price target, implying a 53.9% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a $55.00 price target.

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