Analysts Offer Insights on Industrial Goods Companies: Ametek (AME), Symbotic (SYM) and Brink’s Company (BCO)

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Ametek (AME), Symbotic (SYM) and Brink’s Company (BCO) with bullish sentiments.

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Ametek (AME)

In a report released today, Jamie Cook from Truist Financial maintained a Buy rating on Ametek. The company’s shares closed last Wednesday at $241.38.

According to TipRanks.com, Cook is a 5-star analyst with an average return of 19.0% and a 69.1% success rate. Cook covers the Industrial Goods sector, focusing on stocks such as EquipmentShare.com, Inc., Illinois Tool Works, and Aecom Technology. ;'>

Currently, the analyst consensus on Ametek is a Strong Buy with an average price target of $255.67, a 7.0% upside from current levels. In a report issued on April 30, RBC Capital also maintained a Buy rating on the stock with a $260.00 price target.

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Symbotic (SYM)

Northland Securities analyst Michael Latimore reiterated a Buy rating on Symbotic today and set a price target of $73.00. The company’s shares closed last Wednesday at $61.16.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 11.1% and a 37.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Gorilla Technology Group Inc., SoundHound AI, Inc Class A, and Palantir Technologies. ;'>

Currently, the analyst consensus on Symbotic is a Moderate Buy with an average price target of $65.86, which is a 9.8% upside from current levels. In a report released today, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $65.00 price target.

Brink’s Company (BCO)

Truist Financial analyst Tobey Sommer maintained a Buy rating on Brink’s Company today. The company’s shares closed last Wednesday at $109.01.

According to TipRanks.com, Sommer is a 4-star analyst with an average return of 4.1% and a 53.5% success rate. Sommer covers the Industrial Goods sector, focusing on stocks such as Andersen Group, Inc. Class A, Amentum Holdings, Inc., and GFL Environmental. ;'>

Brink’s Company has an analyst consensus of Strong Buy, with a price target consensus of $127.00, implying a 15.6% upside from current levels. In a report released yesterday, William Blair also maintained a Buy rating on the stock with a $109.00 price target.

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• Ametek to acquire instrumentation businesses from Indicor for $5B in cash
• Ametek to Acquire Indicor Instrumentation in $5 Billion Deal
• Ametek price target raised to $275 from $265 at Truist
• Ametek price target raised to $230 from $220 at Barclays
• Ametek price target raised to $244 from $235 at Baird