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Analysts’ Top Industrial Goods Picks: Gates Industrial (GTES), Verisk Analytics (VRSK)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Gates Industrial (GTESResearch Report), Verisk Analytics (VRSKResearch Report) and L3Harris Technologies (LHXResearch Report) with bullish sentiments.

Gates Industrial (GTES)

RBC Capital analyst Deane Dray maintained a Buy rating on Gates Industrial yesterday and set a price target of $22.00. The company’s shares closed last Wednesday at $19.30, close to its 52-week high of $20.02.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 13.7% and a 62.7% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.

Gates Industrial has an analyst consensus of Moderate Buy, with a price target consensus of $19.63, implying a 2.9% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock.

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Verisk Analytics (VRSK)

RBC Capital analyst Ashish Sabadra maintained a Buy rating on Verisk Analytics yesterday and set a price target of $300.00. The company’s shares closed last Wednesday at $275.63, close to its 52-week high of $287.13.

According to TipRanks.com, Sabadra is a 4-star analyst with an average return of 5.7% and a 60.0% success rate. Sabadra covers the Financial sector, focusing on stocks such as Dun & Bradstreet Holdings, Intercontinental Exchange, and Cboe Global Markets.

Currently, the analyst consensus on Verisk Analytics is a Moderate Buy with an average price target of $285.45, which is a 1.9% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $310.00 price target.

L3Harris Technologies (LHX)

L3Harris Technologies received a Buy rating and a $300.00 price target from Bank of America Securities analyst Ronald Epstein today. The company’s shares closed last Wednesday at $245.41, close to its 52-week high of $258.89.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 11.8% and a 63.5% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as Huntington Ingalls, StandardAero, Inc., and General Dynamics.

Currently, the analyst consensus on L3Harris Technologies is a Moderate Buy with an average price target of $283.53, representing a 15.7% upside. In a report issued on October 18, Truist Financial also maintained a Buy rating on the stock with a $293.00 price target.

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