3 stocks that analysts say can take advantage of industry growth

Rising stock market activity often indicates impending change, and this phenomenon is very pronounced in the industrial and manufacturing sectors. The industrial sector, traditionally considered stable and unremarkable, experienced a sudden growth after the US presidential election.

The Industrial Select Sector SPDR Fund posted a 6.2% increase in a single week. This development is related to the potential recovery of the industrial sector, which could have a positive impact on the shares of some major companies. Which 3 stocks do analysts trust the most?

Deere & Company $DE

Deere & Co. is a well-known agricultural equipment manufacturer whose stock is now near its 52-week high. Still, some analysts predict that the stock price could rise another tens of percent in the coming months. The current average analyst estimate is $420.7 per share. For example, analysts at Truist Financial project a value of up to $496 for this stock, which could represent an increase of up to 26%.

Another positive…