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Analysts Offer Insights on Industrial Goods Companies: Thomson Reuters (TRI), Siemens Energy (OtherSMEGF) and Symbotic (SYM)

Tipranks - Tipranks - Fri Aug 7, 4:54AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Thomson Reuters (TRI), Siemens Energy (SMEGF) and Symbotic (SYM).

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Thomson Reuters (TRI)

In a report released today, Manav Patnaik from Barclays maintained a Buy rating on Thomson Reuters, with a price target of $140.00. The company’s shares closed last Wednesday at $98.61.

According to TipRanks.com, Patnaik is a 3-star analyst with an average return of 1.6% and a 55.1% success rate. Patnaik covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, Vestis Corporation, and Verisk Analytics. ;'>

Currently, the analyst consensus on Thomson Reuters is a Moderate Buy with an average price target of $115.60, which is a 5.1% upside from current levels. In a report released yesterday, TipRanks – Anthropic also upgraded the stock to Buy with a C$169.00 price target.

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Siemens Energy (SMEGF)

Deutsche Bank analyst Gael De-Bray maintained a Buy rating on Siemens Energy today and set a price target of EUR210.00. The company’s shares closed last Wednesday at $174.71.

De-Bray has an average return of 67.7% when recommending Siemens Energy. ;'>

According to TipRanks.com, De-Bray is ranked #546 out of 12430 analysts.

Currently, the analyst consensus on Siemens Energy is a Strong Buy with an average price target of $239.77, implying a 31.6% upside from current levels. In a report released yesterday, TipRanks – OpenAI also upgraded the stock to Buy with a EUR166.00 price target.

Symbotic (SYM)

William Blair analyst Ross Sparenblek maintained a Hold rating on Symbotic today. The company’s shares closed last Wednesday at $46.52, close to its 52-week high of $48.98.

According to TipRanks.com, Sparenblek is a 5-star analyst with an average return of 20.9% and a 81.8% success rate. Sparenblek covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Standex International, and Enerpac Tool Group. ;'>

Currently, the analyst consensus on Symbotic is a Moderate Buy with an average price target of $66.89, implying a 39.9% upside from current levels. In a report issued on July 25, TipRanks – xAI also downgraded the stock to Hold with a $43.00 price target.

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