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Analysts’ Top Industrial Goods Picks: Terex (TEX), Deere (DE)

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There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Terex (TEXResearch Report) and Deere (DEResearch Report) with bullish sentiments.

Terex (TEX)

In a report issued on March 24, Stephen Volkmann from Jefferies maintained a Buy rating on Terex, with a price target of $60.00. The company’s shares closed last Friday at $37.75, close to its 52-week low of $35.04.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 20.4% and a 66.5% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as SiteOne Landscape Supply, Lennox International, and Trane Technologies.

Terex has an analyst consensus of Strong Buy, with a price target consensus of $62.00, a 62.3% upside from current levels. In a report issued on March 11, Wells Fargo also initiated coverage with a Buy rating on the stock with a $64.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Deere (DE)

Robert W. Baird analyst Mircea Dobre maintained a Buy rating on Deere on March 23. The company’s shares closed last Friday at $436.45, close to its 52-week high of $436.95.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 16.0% and a 53.3% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and John Bean Technologies.

Deere has an analyst consensus of Moderate Buy, with a price target consensus of $428.90, representing a -0.8% downside. In a report issued on March 11, Wells Fargo also initiated coverage with a Buy rating on the stock with a $455.00 price target.

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