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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 GXO Logistics (GXOResearch Report) and Solo Brands Inc Class A (DTCResearch Report) with bullish sentiments.

GXO Logistics (GXO)

J.P. Morgan analyst Brian Ossenbeck maintained a Buy rating on GXO Logistics on November 10 and set a price target of $47.00. The company’s shares closed last Friday at $44.94.

According to TipRanks.com, Ossenbeck is a 4-star analyst with an average return of 7.9% and a 48.9% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Knight Transportation, and Schneider National.

Currently, the analyst consensus on GXO Logistics is a Strong Buy with an average price target of $55.00, which is a 28.1% upside from current levels. In a report issued on November 9, Cowen & Co. also maintained a Buy rating on the stock with a $62.00 price target.

See the top stocks recommended by analysts >>

Solo Brands Inc Class A (DTC)

In a report issued on November 10, Christopher Horvers from J.P. Morgan maintained a Buy rating on Solo Brands Inc Class A, with a price target of $8.50. The company’s shares closed last Friday at $5.00, close to its 52-week low of $3.50.

According to TipRanks.com, Horvers is a 5-star analyst with an average return of 10.5% and a 65.3% success rate. Horvers covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Academy Sports and Outdoors, and Floor & Decor Holdings.

Currently, the analyst consensus on Solo Brands Inc Class A is a Moderate Buy with an average price target of $8.50.

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