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Analysts’ Top Industrial Goods Picks: Federal Signal (FSS), Enovix (ENVX)

Tipranks - Tipranks - Thu Jun 4, 3:40PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Federal Signal (FSS) and Enovix (ENVX) with bullish sentiments.

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Federal Signal (FSS)

William Blair analyst Ross Sparenblek maintained a Buy rating on Federal Signal today. The company’s shares closed last Wednesday at $107.13.

According to TipRanks.com, Sparenblek is a 5-star analyst with an average return of 21.4% and a 72.0% success rate. Sparenblek covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Standex International, and Enerpac Tool Group. ;'>

Currently, the analyst consensus on Federal Signal is a Strong Buy with an average price target of $145.00, which is a 36.0% upside from current levels. In a report issued on May 21, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $129.00 price target.

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Enovix (ENVX)

In a report released today, Jed Dorsheimer from William Blair maintained a Buy rating on Enovix. The company’s shares closed last Wednesday at $8.23.

According to TipRanks.com, Dorsheimer is a 5-star analyst with an average return of 28.4% and a 52.3% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Axcelis Technologies, and STMicroelectronics. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enovix with a $12.86 average price target, a 52.4% upside from current levels. In a report issued on June 1, Northland Securities also reiterated a Buy rating on the stock with a $16.00 price target.

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