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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

Tipranks - Tipranks - Tue Mar 31, 2:24PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Siemens Energy (SMEGF) and TIC Solutions (TIC) with bullish sentiments.

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Siemens Energy (SMEGF)

Jefferies analyst Lucas Ferhani maintained a Buy rating on Siemens Energy today and set a price target of EUR164.00. The company’s shares closed last Monday at $160.00.

Ferhani has an average return of 15.9% when recommending Siemens Energy. ;'>

According to TipRanks.com, Ferhani is ranked #1641 out of 12128 analysts.

Currently, the analyst consensus on Siemens Energy is a Moderate Buy with an average price target of $189.74, implying a 18.6% upside from current levels. In a report issued on March 26, TipRanks – Anthropic also upgraded the stock to Buy with a EUR174.00 price target.

See the top stocks recommended by analysts >>

TIC Solutions (TIC)

Roth MKM analyst Jeff Martin reiterated a Buy rating on TIC Solutions today and set a price target of $10.00. The company’s shares closed last Monday at $6.66, close to its 52-week low of $6.56.

According to TipRanks.com, Martin is a 5-star analyst with an average return of 11.0% and a 50.5% success rate. Martin covers the Industrial Goods sector, focusing on stocks such as Barrett Business Services, Bowman Consulting Group, and Insperity. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for TIC Solutions with a $8.33 average price target.

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