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Analysts Offer Insights on Industrial Goods Companies: Hub Group (HUBG) and Gates Industrial (GTES)

Analysts Offer Insights on Industrial Goods Companies: Hub Group (HUBG) and Gates Industrial (GTES)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Hub Group (HUBG – Research Report) and Gates Industrial (GTES – Research Report).
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Hub Group (HUBG)
Barclays analyst Brandon Oglenski maintained a Hold rating on Hub Group on May 9 and set a price target of $40.00. The company's shares closed last Friday at $33.23.
According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 2.5% and a 46.9% success rate. Oglenski covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, Canadian Pacific Kansas City, and Canadian National Railway.
Hub Group has an analyst consensus of Hold, with a price target consensus of $40.09, representing a 24.3% upside. In a report issued on May 9, Evercore ISI also maintained a Hold rating on the stock with a $35.00 price target.
Barclays analyst Julian Mitchell maintained a Buy rating on Gates Industrial on May 9 and set a price target of $23.00. The company's shares closed last Friday at $20.73.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 7.4% and a 56.5% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gates Industrial with a $23.00 average price target, which is a 10.8% upside from current levels. In a report issued on April 30, RBC Capital also maintained a Buy rating on the stock with a $23.00 price target.

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