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Wall Street Analysts Are Neutral on Top Industrial Goods Picks

Analysts fell to the sidelines weighing in on Aptiv (APTVResearch Report), The Middleby (MIDDResearch Report) and Installed Building Products (IBPResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Aptiv (APTV)

J.P. Morgan analyst Ryan Brinkman maintained a Hold rating on Aptiv on November 8 and set a price target of $115.00. The company’s shares closed last Wednesday at $97.47.

According to TipRanks.com, Brinkman is a 2-star analyst with an average return of -0.3% and a 56.7% success rate. Brinkman covers the Industrial Goods sector, focusing on stocks such as Magna International, BorgWarner, and Gentherm.

Currently, the analyst consensus on Aptiv is a Strong Buy with an average price target of $129.13.

See the top stocks recommended by analysts >>

The Middleby (MIDD)

J.P. Morgan analyst Tami Zakaria maintained a Hold rating on The Middleby today and set a price target of $130.00. The company’s shares closed last Wednesday at $125.53, close to its 52-week low of $120.30.

According to TipRanks.com, Zakaria is a 5-star analyst with an average return of 26.2% and a 66.1% success rate. Zakaria covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings, Manitowoc Company, and ESAB Corporation.

Currently, the analyst consensus on The Middleby is a Moderate Buy with an average price target of $178.50.

Installed Building Products (IBP)

J.P. Morgan analyst Michael Rehaut maintained a Hold rating on Installed Building Products on November 8 and set a price target of $83.00. The company’s shares closed last Wednesday at $77.94, close to its 52-week low of $69.45.

According to TipRanks.com, Rehaut is a 3-star analyst with an average return of 0.6% and a 46.7% success rate. Rehaut covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker, Green Brick Partners, and Century Communities.

Installed Building Products has an analyst consensus of Hold, with a price target consensus of $92.33, representing a 19.9% upside. In a report issued on November 7, Deutsche Bank also maintained a Hold rating on the stock with a $90.00 price target.

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