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Analysts Offer Insights on Industrial Goods Companies: Norfolk Southern (NSC), Deere (DE) and MasTec (MTZ)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Norfolk Southern (NSCResearch Report), Deere (DEResearch Report) and MasTec (MTZResearch Report) with bullish sentiments.

Norfolk Southern (NSC)

In a report released today, Brandon Oglenski from Barclays maintained a Buy rating on Norfolk Southern, with a price target of $305.00. The company’s shares closed last Friday at $254.12, close to its 52-week high of $263.66.

According to TipRanks.com, Oglenski is a 5-star analyst with an average return of 7.2% and a 53.8% success rate. Oglenski covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, Canadian National Railway, and Expeditors International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Norfolk Southern with a $255.61 average price target, representing a -1.0% downside. In a report issued on March 21, Goldman Sachs also maintained a Buy rating on the stock with a $283.00 price target.

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Deere (DE)

In a report released today, Adam Seiden from Barclays maintained a Buy rating on Deere, with a price target of $400.00. The company’s shares closed last Friday at $398.86.

According to TipRanks.com, Seiden is a 5-star analyst with an average return of 12.8% and a 59.8% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Manitowoc Company, and Aecom Technology.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deere with a $425.00 average price target, a 6.7% upside from current levels. In a report issued on March 14, Truist Financial also initiated coverage with a Buy rating on the stock with a $494.00 price target.

MasTec (MTZ)

In a report released today, Sangita Jain from KeyBanc reiterated a Buy rating on MasTec, with a price target of $104.00. The company’s shares closed last Friday at $89.87.

According to TipRanks.com, Jain is a 3-star analyst with an average return of 7.9% and a 82.6% success rate. Jain covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Aecom Technology, and Jacobs Solutions.

Currently, the analyst consensus on MasTec is a Strong Buy with an average price target of $98.92, implying an 8.7% upside from current levels. In a report issued on March 18, UBS also maintained a Buy rating on the stock with a $100.00 price target.

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