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Analysts Are Bullish on Top Industrial Goods Stocks: ASM International (ASMIY), Honeywell International (HON)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on ASM International (ASMIYResearch Report), Honeywell International (HONResearch Report) and TFI International (TFIIResearch Report) with bullish sentiments.

ASM International (ASMIY)

J.P. Morgan analyst Sandeep Deshpande maintained a Buy rating on ASM International on October 27 and set a price target of EUR368.00. The company’s shares closed last Friday at $234.48, close to its 52-week low of $201.38.

According to TipRanks.com, Deshpande is a 4-star analyst with an average return of 10.0% and a 50.3% success rate. Deshpande covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Infineon Technologies AG, and ASML Holding.

Currently, the analyst consensus on ASM International is a Moderate Buy with an average price target of $366.10.

See the top stocks recommended by analysts >>

Honeywell International (HON)

In a report issued on October 28, Stephen Tusa from J.P. Morgan maintained a Buy rating on Honeywell International, with a price target of $205.00. The company’s shares closed last Friday at $204.93.

According to TipRanks.com, Tusa is a 5-star analyst with an average return of 10.7% and a 64.5% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, John Bean Technologies, and Trane Technologies.

Honeywell International has an analyst consensus of Moderate Buy, with a price target consensus of $203.50, implying a 2.3% upside from current levels. In a report issued on October 13, Deutsche Bank also maintained a Buy rating on the stock with a $209.00 price target.

TFI International (TFII)

J.P. Morgan analyst Brian Ossenbeck maintained a Buy rating on TFI International on October 29 and set a price target of $112.00. The company’s shares closed last Friday at $88.81.

According to TipRanks.com, Ossenbeck is a 4-star analyst with an average return of 7.3% and a 45.7% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Knight Transportation, and Schneider National.

TFI International has an analyst consensus of Strong Buy, with a price target consensus of $113.73, representing a 21.0% upside. In a report issued on October 21, National Bank also maintained a Buy rating on the stock with a C$150.00 price target.

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