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Analysts Are Bullish on Top Industrial Goods Stocks: Broadwind Energy (BWEN), Montrose Environmental Group (MEG)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Broadwind Energy (BWENResearch Report), Montrose Environmental Group (MEGResearch Report) and VSE (VSECResearch Report) with bullish sentiments.

Broadwind Energy (BWEN)

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Broadwind Energy, with a price target of $8.00. The company’s shares closed last Tuesday at $2.30, close to its 52-week low of $2.01.

According to TipRanks.com, Dayal has 0 stars on 0-5 stars ranking scale with an average return of -26.6% and a 19.8% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, ClearSign Combustion, and Orion Energy Systems.

Broadwind Energy has an analyst consensus of Strong Buy, with a price target consensus of $6.00, representing a 140.0% upside. In a report released yesterday, Craig-Hallum also assigned a Buy rating to the stock.

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Montrose Environmental Group (MEG)

Evercore ISI analyst Durgesh Chopra initiated coverage with a Buy rating on Montrose Environmental Group today and set a price target of $43.00. The company’s shares closed last Tuesday at $32.45.

According to TipRanks.com, Chopra is a 4-star analyst with an average return of 5.2% and a 61.4% success rate. Chopra covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Montrose Environmental Group with a $51.00 average price target, a 56.7% upside from current levels. In a report issued on August 8, Bank of America Securities also maintained a Buy rating on the stock.

VSE (VSEC)

VSE received a Buy rating and a $100.00 price target from Jefferies analyst Sheila Kahyaoglu today. The company’s shares closed last Tuesday at $83.58.

According to TipRanks.com, Kahyaoglu is a 5-star analyst with an average return of 9.9% and a 62.2% success rate. Kahyaoglu covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Honeywell International, and L3Harris Technologies.

Currently, the analyst consensus on VSE is a Strong Buy with an average price target of $100.25, a 17.8% upside from current levels. In a report issued on August 1, RBC Capital also maintained a Buy rating on the stock with a $100.00 price target.

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