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

Tipranks - Tipranks - Fri Aug 7, 5:10AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Thomson Reuters (TRI) and Symbotic (SYM) with bullish sentiments.

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Thomson Reuters (TRI)

TD Cowen analyst Vince Valentini maintained a Buy rating on Thomson Reuters yesterday and set a price target of C$200.00. The company’s shares closed last Wednesday at $98.61.

According to TipRanks.com, Valentini is a 2-star analyst with an average return of 0.3% and a 52.7% success rate. Valentini covers the NA sector, focusing on stocks such as Cogeco Communications, Rogers Communication, and Corus Entertainment. ;'>

Thomson Reuters has an analyst consensus of Moderate Buy, with a price target consensus of $120.09, implying a 9.2% 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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Symbotic (SYM)

Needham analyst James Ricchiuti reiterated a Buy rating on Symbotic today and set a price target of $75.00. The company’s shares closed last Wednesday at $46.52, close to its 52-week high of $48.98.

According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 31.1% and a 61.9% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Universal Display. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Symbotic with a $66.89 average price target, a 39.9% upside from current levels. In a report issued on July 25, TipRanks – PerPlexity also upgraded the stock to Buy with a $46.00 price target.

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