Wall Street Analysts Are Bullish on Top Industrial Goods Picks

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There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on United Parcel (UPSResearch Report) and MSA Safety (MSAResearch Report) with bullish sentiments.

United Parcel (UPS)

In a report released today, J. Bruce Chan from Stifel Nicolaus maintained a Buy rating on United Parcel, with a price target of $170.00. The company’s shares closed last Wednesday at $147.33.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 5.4% and a 55.2% success rate. Chan covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.

United Parcel has an analyst consensus of Moderate Buy, with a price target consensus of $160.50, which is an 11.2% upside from current levels. In a report issued on March 21, Bernstein also maintained a Buy rating on the stock with a $182.00 price target.

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MSA Safety (MSA)

Stifel Nicolaus analyst Stanley Elliott maintained a Buy rating on MSA Safety today and set a price target of $200.00. The company’s shares closed last Wednesday at $193.21, close to its 52-week high of $194.56.

According to TipRanks.com, Elliott is a top 25 analyst with an average return of 22.0% and a 75.2% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, Janus International Group, and Concrete Pumping Holdings.

Currently, the analyst consensus on MSA Safety is a Moderate Buy with an average price target of $191.00.

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