Boeing and BWX Tech Soar as Analysts Pile on Buy Ratings
Analysts have been weighing in on three industrial goods companies: Boeing (BA), BWX Technologies (BWXT), and United Rentals (URI).
Boeing, in particular, has received a lot of attention. Bernstein analyst Douglas Harned maintained his Buy rating on the company with a price target of $298.00. This is close to its 52-week high of $196.95.
Harned's analysis suggests that Boeing is a strong buy, with an average return of 9.3% and a 48.0% success rate. The consensus among analysts is also a Strong Buy, with a price target consensus of $272.00, representing a 46.8% upside from current levels.
BWX Technologies has also received positive feedback from J.P. Morgan analyst Tomohiko Sano, who maintained his Buy rating on the company with a price target of $230.00. The word on the Street suggests a Strong Buy consensus rating for BWX Technologies, with an average price target of $215.89, implying a 57.3% upside from current levels.
United Rentals, however, received a Hold rating from J.P. Morgan analyst Tami Zakaria, who maintains a Moderate Buy consensus rating for the company with an average price target of $1302.36.