There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on DXP Enterprises (DXPE – Research Report) and Scorpio Tankers (STNG – Research Report) with bullish sentiments.
DXP Enterprises (DXPE)
Stephens analyst Tommy Moll reiterated a Buy rating on DXP Enterprises today and set a price target of $40.00. The company’s shares closed last Tuesday at $26.52.
According to TipRanks.com, Moll is a 1-star analyst with an average return of -1.3% and a 45.2% success rate. Moll covers the Industrial Goods sector, focusing on stocks such as Trane Technologies, Generac Holdings, and Carrier Global.
The the analyst consensus on DXP Enterprises is currently a Hold rating.
Scorpio Tankers (STNG)
Jefferies analyst Omar Nokta reiterated a Buy rating on Scorpio Tankers today and set a price target of $76.00. The company’s shares closed last Tuesday at $57.63, close to its 52-week high of $57.71.
According to TipRanks.com, Nokta is a 5-star analyst with an average return of 15.9% and a 53.7% success rate. Nokta covers the Industrial Goods sector, focusing on stocks such as ZIM Integrated Shipping Services, Nordic American Tanker, and International Seaways.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Scorpio Tankers with a $75.88 average price target, a 33.0% upside from current levels. In a report issued on March 8, J.P. Morgan also initiated coverage with a Buy rating on the stock with a $87.00 price target.
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