Analysts Are Bullish on Top Industrial Goods Stocks: Golden Ocean Group (GOGL), Compagnie Générale des Établissements Michelin (MGDDF)

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There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Golden Ocean Group (GOGLResearch Report) and Compagnie Générale des Établissements Michelin (MGDDFResearch Report) with bullish sentiments.

Golden Ocean Group (GOGL)

In a report issued on October 24, Axel Styrman from Kepler Capital maintained a Buy rating on Golden Ocean Group, with a price target of NOK188.00. The company’s shares closed last Friday at $10.85.

According to TipRanks.com, Styrman is a 2-star analyst with an average return of -0.3% and a 42.2% success rate. Styrman covers the NA sector, focusing on stocks such as Avance Gas Holding, DHT Holdings, and Frontline.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Golden Ocean Group with a $15.86 average price target.

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Compagnie Générale des Établissements Michelin (MGDDF)

Kepler Capital analyst Thomas Besson maintained a Buy rating on Compagnie Générale des Établissements Michelin on October 24 and set a price target of EUR45.00. The company’s shares closed last Friday at $32.12.

According to TipRanks.com, Besson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -2.9% and a 51.1% success rate. Besson covers the NA sector, focusing on stocks such as Continental Aktiengesellschaft, Stellantis, and Ferrari.

Compagnie Générale des Établissements Michelin has an analyst consensus of Moderate Buy, with a price target consensus of $42.23, implying a 31.5% upside from current levels. In a report issued on October 24, UBS also maintained a Buy rating on the stock with a EUR43.00 price target.

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