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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Acuity Brands (AYIResearch Report) and FedEx (FDXResearch Report) with bullish sentiments.

Acuity Brands (AYI)

Robert W. Baird analyst Timothy Wojs maintained a Buy rating on Acuity Brands on June 24 and set a price target of $188.00. The company’s shares closed last Monday at $156.81.

According to TipRanks.com, Wojs is a 1-star analyst with an average return of -2.0% and a 47.9% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co, Lennox International, and Carlisle Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Acuity Brands with a $207.50 average price target, implying a 33.1% upside from current levels. In a report released yesterday, Credit Suisse also maintained a Buy rating on the stock with a $211.00 price target.

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

FedEx (FDX)

Robert W. Baird analyst Garrett Holland maintained a Buy rating on FedEx on June 23 and set a price target of $300.00. The company’s shares closed last Monday at $240.47.

According to TipRanks.com, Holland is a 2-star analyst with an average return of 0.5% 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.

FedEx has an analyst consensus of Strong Buy, with a price target consensus of $296.61, a 20.1% 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.

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