Boeing and Deere Soar as Analysts Predict Big Gains

Analysts remain optimistic about the Industrial Goods sector, particularly for two major players in the space: Boeing (BA) and Deere (DE). Recent reports from analysts at Bank of America Securities and Truist Financial have highlighted bullish sentiments for both companies.

Ronald Epstein, a 5-star analyst with an average return of 20.4% and a 63.3% success rate, reiterated his Buy rating on Boeing in a report released today. The company's shares closed last Friday at $214.20, and Epstein set a price target of $270.00. The analyst consensus on Boeing is currently a Strong Buy with an average price target of $274.67, indicating a 27.4% upside from current levels.

Meanwhile, Jamie Cook, also a 5-star analyst with an average return of 17.9% and a 68.6% success rate, reiterated his Buy rating on Deere today, setting a price target of $804.00. The company's shares closed last Friday at $647.47. While the word on the Street suggests a Moderate Buy analyst consensus rating for Deere with a $670.40 average price target, implying a 7.6% upside from current levels, Cook's upgrade could be seen as a vote of confidence in the sector.