Waste Connections, Inc., Lennox International Inc., Oshkosh Corporation, among others, are the industrials stocks approaching important price targets.

A recap of yesterday's session: Leading equity indices in the US declined as S&P 500 closed at 3,861.59, a 1.45% change. After dropping 1.76%, Nasdaq closed at 11,139.

What is a Price Target?

A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Let's review some industrials stocks and their price targets.

Waste Connections (WCN) Price target: $130.13 | Last price: $131.04 | Daily range: $130.66 – $133

A convincing break of this target could pave the way for deeper losses.

Waste Connections's bearish run has lasted 5 days so far (-$3.02). yesterday's session continued down the same path: an influx of sellers pushed the waste disposal business to session lows around $130.66 while establishing a $130.66 to $133 session range yesterday. The day's trading volume totalled 955,881 shares — slightly below the 21-day average of 986,582.

Lennox International active price target: $241.07; currently at $245.29

Lennox International's bearish trend is facing a possible turning point at $241.07, which is only $4.22 away. Will be interesting to follow.

Over the last 6 days, Lennox International has fallen 6.5%. more of the same from yesterday's session: the US climate control enterprise plunged into the red after losing 2.35%, declining to $245.29. Daily trading volume (260,791 shares) was slightly greater than the current multiday average of 238,092.

Oshkosh Corporation is trading at $82.96, its target level is $81.53

$81.53 is only $1.43 away for Oshkosh Corporation and might put a stop to its current downtrend.

Having fallen $5.73 in 6 days, yesterday's session continued the recent downtrend: early in yesterday's session, Oshkosh Corporation dropped to $82.51 from $86.73 at the end of Thursday, before closing at $82.96. During the session, it lost 4.35%. Daily trading volume (602,429 shares) increased, making up 100% of the 21-day average (595,603).