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Analysts Offer Insights on Industrial Goods Companies: Herc Holdings (HRI), Pentair (PNR) and Lincoln Electric Holdings (LECO)

Tipranks - Thu Oct 29, 4:48AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Herc Holdings (HRI), Pentair (PNR) and Lincoln Electric Holdings (LECO).

Herc Holdings (HRI)

In a report released today, Kenneth Newman from KeyBanc reiterated a Buy rating on Herc Holdings, with a price target of $185.00. The company’s shares closed last Tuesday at $156.06.

According to TipRanks.com, Newman is a 5-star analyst with an average return of 15.7% and a 66.0% success rate. Newman covers the Industrial Goods sector, focusing on stocks such as Applied Industrial Technologies, Emerson Electric Company, and Wesco International.

Currently, the analyst consensus on Herc Holdings is a Strong Buy with an average price target of $175.00, which is a 26.0% upside from current levels. In a report issued on October 13, Citi also maintained a Buy rating on the stock with a $150.00 price target.

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

Pentair (PNR)

In a report released today, Jeffrey Hammond from KeyBanc maintained a Hold rating on Pentair. The company’s shares closed last Tuesday at $62.29.

According to TipRanks.com, Hammond is a 5-star analyst with an average return of 10.9% and a 57.1% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Forgent Power Solutions, Inc. Class A, Advanced Drainage Systems, and Janus International Group.

Pentair has an analyst consensus of Moderate Buy, with a price target consensus of $70.27, representing a 15.2% upside. In a report issued on October 14, TD Cowen also upgraded the stock to Hold with a $55.00 price target.

Lincoln Electric Holdings (LECO)

KeyBanc analyst Steve Barger reiterated a Buy rating on Lincoln Electric Holdings today and set a price target of $340.00. The company’s shares closed last Tuesday at $282.37.

According to TipRanks.com, Barger is a 5-star analyst with an average return of 22.0% and a 62.9% success rate. Barger covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Park-Ohio Holdings, and Advanced Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lincoln Electric Holdings with a $311.29 average price target, implying a 13.2% upside from current levels. In a report released yesterday, TipRanks – OpenAI also upgraded the stock to Buy with a $290.00 price target.

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