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Analysts’ Top Industrial Goods Picks: FREYR Battery (FREY), FedEx (FDX)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on FREYR Battery (FREYResearch Report), FedEx (FDXResearch Report) and The Middleby (MIDDResearch Report) with bullish sentiments.

FREYR Battery (FREY)

In a report issued on July 1, Gregory Lewis from BTIG reiterated a Buy rating on FREYR Battery, with a price target of $20.00. The company’s shares closed last Friday at $7.50, close to its 52-week low of $6.42.

According to TipRanks.com, Lewis has 0 stars on 0-5 stars ranking scale with an average return of -8.8% and a 36.9% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Eagle Bulk Shipping, Chart Industries, and Scorpio Tankers.

FREYR Battery has an analyst consensus of Moderate Buy, with a price target consensus of $14.00.

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FedEx (FDX)

In a report issued on June 29, Garrett Holland from Robert W. Baird maintained a Buy rating on FedEx, with a price target of $300.00. The company’s shares closed last Friday at $223.61.

According to TipRanks.com, Holland is a 2-star analyst with an average return of 0.0% and a 48.6% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.

Currently, the analyst consensus on FedEx is a Strong Buy with an average price target of $296.79, implying a 33.3% upside from current levels. In a report issued on June 14, Citigroup also reiterated a Buy rating on the stock with a $270.00 price target.

The Middleby (MIDD)

Robert W. Baird analyst Mircea Dobre maintained a Buy rating on The Middleby on June 30 and set a price target of $201.00. The company’s shares closed last Friday at $126.67, close to its 52-week low of $121.85.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 11.0% and a 44.4% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and John Bean Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Middleby with a $180.75 average price target.

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