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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: ITT (ITT), Symbotic (SYM) and Regal Rexnord (RRX)

Tipranks - Fri May 8, 4:12AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on ITT (ITT), Symbotic (SYM) and Regal Rexnord (RRX).

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ITT (ITT)

Barclays analyst Julian Mitchell maintained a Hold rating on ITT today and set a price target of $230.00. The company’s shares closed last Wednesday at $216.63.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 16.7% and a 63.1% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker. ;'>

ITT has an analyst consensus of Strong Buy, with a price target consensus of $243.71, which is a 10.3% upside from current levels. In a report released yesterday, TipRanks – Anthropic also downgraded the stock to Hold with a $227.00 price target.

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Symbotic (SYM)

Barclays analyst Guy Hardwick maintained a Sell rating on Symbotic today and set a price target of $44.00. The company’s shares closed last Wednesday at $61.16.

According to TipRanks.com, Hardwick is a 4-star analyst with an average return of 6.8% and a 54.3% success rate. Hardwick covers the Technology sector, focusing on stocks such as Teledyne Technologies, Manhattan Associates, and Bentley Systems. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Symbotic with a $66.40 average price target.

Regal Rexnord (RRX)

In a report released today, Jeffrey Hammond from KeyBanc reiterated a Buy rating on Regal Rexnord, with a price target of $265.00. The company’s shares closed last Wednesday at $231.37.

According to TipRanks.com, Hammond is a 5-star analyst with an average return of 14.3% and a 62.9% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Janus International Group, and Watts Water Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Regal Rexnord with a $242.00 average price target, implying a 6.8% upside from current levels. In a report issued on April 23, Barclays also maintained a Buy rating on the stock with a $245.00 price target.

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