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Analysts Conflicted on These Industrial Goods Names: Paychex (PAYX) and General Electric (GE)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Paychex (PAYXResearch Report) and General Electric (GEResearch Report).

Paychex (PAYX)

In a report released today, Ramsey El Assal from Barclays maintained a Hold rating on Paychex, with a price target of $120.00. The company’s shares closed last Friday at $122.38.

According to TipRanks.com, Assal is a 4-star analyst with an average return of 2.3% and a 54.0% success rate. Assal covers the Technology sector, focusing on stocks such as TELUS International (CDA), Fidelity National Info, and Rackspace Technology.

Paychex has an analyst consensus of Hold, with a price target consensus of $120.44, implying a 0.4% upside from current levels. In a report issued on March 26, Evercore ISI also maintained a Hold rating on the stock with a $118.00 price target.

See today’s best-performing stocks on TipRanks >>

General Electric (GE)

In a report released today, Ronald Epstein from Bank of America Securities reiterated a Buy rating on General Electric, with a price target of $165.00. The company’s shares closed last Friday at $156.30, close to its 52-week high of $156.47.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 7.5% and a 59.7% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as Raytheon Technologies, L3Harris Technologies, and Spirit AeroSystems.

Currently, the analyst consensus on General Electric is a Strong Buy with an average price target of $168.73, which is a 13.6% upside from current levels. In a report issued on April 4, Vertical Research also initiated coverage with a Buy rating on the stock with a $160.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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Analysts Offer Insights on Industrial Goods Companies: Paychex (PAYX) and Acuity Brands (AYI)

Analysts fell to the sidelines weighing in on Paychex (PAYXResearch Report) and Acuity Brands (AYIResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Paychex (PAYX)

In a report issued on April 3, Mark Marcon from Robert W. Baird assigned a Hold rating to Paychex, with a price target of $126.00. The company’s shares closed last Friday at $122.38.

According to TipRanks.com, Marcon is a 5-star analyst with an average return of 11.0% and a 57.0% success rate. Marcon covers the Industrial Goods sector, focusing on stocks such as Automatic Data Processing, HireRight Holdings Corp, and Resources Connection.

Currently, the analyst consensus on Paychex is a Hold with an average price target of $120.44, a 0.4% upside from current levels. In a report issued on March 26, Evercore ISI also maintained a Hold rating on the stock with a $118.00 price target.

See today’s best-performing stocks on TipRanks >>

Acuity Brands (AYI)

Robert W. Baird analyst Timothy Wojs assigned a Hold rating to Acuity Brands on April 3 and set a price target of $286.00. The company’s shares closed last Friday at $271.89, close to its 52-week high of $272.74.

According to TipRanks.com, Wojs is a 5-star analyst with an average return of 9.4% and a 57.9% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, Stanley Black & Decker, and Masonite International.

Acuity Brands has an analyst consensus of Moderate Buy, with a price target consensus of $296.80, representing an 11.5% upside. In a report issued on April 4, Goldman Sachs also maintained a Hold rating on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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