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Analysts Offer Insights on Industrial Goods Companies: Snap-on (SNA), Lockheed Martin (LMT) and Siemens Energy (OtherSMEGF)

Tipranks - Sat Apr 25, 4:58AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Snap-on (SNA), Lockheed Martin (LMT) and Siemens Energy (SMEGF).

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Snap-on (SNA)

Bank of America Securities analyst Sherif El-Sabbahy reiterated a Sell rating on Snap-on yesterday and set a price target of $330.00. The company’s shares closed last Thursday at $390.75.

According to TipRanks.com, El-Sabbahy is a 4-star analyst with an average return of 11.9% and a 52.2% success rate. El-Sabbahy covers the Industrial Goods sector, focusing on stocks such as Bowman Consulting Group, Legence Corp. Class A, and ESAB Corporation. ;'>

Snap-on has an analyst consensus of Moderate Buy, with a price target consensus of $398.70.

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Lockheed Martin (LMT)

In a report released yesterday, Ronald Epstein from Bank of America Securities reiterated a Hold rating on Lockheed Martin, with a price target of $660.00. The company’s shares closed last Thursday at $529.79.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 20.1% and a 63.2% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, L3Harris Technologies, and StandardAero, Inc. ;'>

Currently, the analyst consensus on Lockheed Martin is a Hold with an average price target of $679.92, a 27.3% upside from current levels. In a report released yesterday, TipRanks – xAI also downgraded the stock to Hold with a $589.00 price target.

Siemens Energy (SMEGF)

Barclays analyst Vladimir Sergievskiy maintained a Hold rating on Siemens Energy today and set a price target of EUR100.00. The company’s shares closed last Thursday at $216.81.

Sergievskiy has an average return of 87.2% when recommending Siemens Energy. ;'>

According to TipRanks.com, Sergievskiy is ranked #10918 out of 12209 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Siemens Energy with a $205.42 average price target, implying a -2.4% downside from current levels. In a report released today, Citi also maintained a Hold rating on the stock.

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