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

Tipranks - Fri Aug 7, 1:26PM CDT

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

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Symbotic (SYM)

In a report released today, Matt Summerville from D.A. Davidson maintained a Buy rating on Symbotic. The company’s shares closed last Thursday at $40.84.

According to TipRanks.com, Summerville is a 5-star analyst with an average return of 14.4% and a 56.7% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as A. O. Smith Corporation, Alta Equipment Group, and Franklin Electric Co. ;'>

Symbotic has an analyst consensus of Moderate Buy, with a price target consensus of $66.55, representing a 52.6% upside. 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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Thomson Reuters (TRI)

In a report released yesterday, Aravinda Galappatthige from Canaccord Genuity maintained a Buy rating on Thomson Reuters, with a price target of $132.50. The company’s shares closed last Thursday at $99.18.

According to TipRanks.com, Galappatthige is a 3-star analyst with an average return of 1.7% and a 47.4% success rate. Galappatthige covers the NA sector, focusing on stocks such as Cogeco Communications, Rogers Communication, and Cineplex. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Thomson Reuters with a $122.47 average price target, which is a 21.8% 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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