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When bargain-hunting US industrials, best to tread lightly

Sector still pricey, weighed against growth prospects; and China effect could linger

Ratios vary widely within the sector. General Electric holds a forward PE of 17.1, while Delta Air Lines has a low 8.6 ratio.

New York

SOME investors may have begun to sniff around the beaten-down US industrial sector for bargains in the wake of the stockmarket selloff of the past month, but those betting on a broad advance in the group's stock prices may wind up disappointed.

The S&P industrial stock