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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 Ryanair Holdings (RYAAYResearch Report) and Transocean (RIGResearch Report) with bullish sentiments.

Ryanair Holdings (RYAAY)

The company’s shares closed last Tuesday at $71.28, close to its 52-week low of $65.07.

According to TipRanks.com, Pfennigwerth is a 1-star analyst with an average return of -5.4% and a 37.5% success rate. Pfennigwerth covers the Industrial Goods sector, focusing on stocks such as Controladora Vuela Compania de Aviacion SAB de CV, Sun Country Airlines Holdings, and Allegiant Travel Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ryanair Holdings with a $121.00 average price target.

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

Transocean (RIG)

Evercore ISI analyst James West maintained a Buy rating on Transocean yesterday and set a price target of $6.00. The company’s shares closed last Tuesday at $2.77, close to its 52-week low of $2.32.

According to TipRanks.com, West has 0 stars on 0-5 stars ranking scale with an average return of -17.4% and a 32.3% success rate. West covers the Industrial Goods sector, focusing on stocks such as Nextier Oilfield Solutions, Eos Energy Enterprises, and Baker Hughes Company.

Currently, the analyst consensus on Transocean is a Hold with an average price target of $3.88.

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