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Analysts Offer Insights on Industrial Goods Companies: Lockheed Martin (LMT), Fortune Brands Innovations (FBIN) and Sysco (SYY)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Lockheed Martin (LMTResearch Report), Fortune Brands Innovations (FBINResearch Report) and Sysco (SYYResearch Report).

Lockheed Martin (LMT)

Barclays analyst David E. Strauss maintained a Hold rating on Lockheed Martin today and set a price target of $480.00. The company’s shares closed last Monday at $428.01.

According to TipRanks.com, Strauss is a 3-star analyst with an average return of 1.4% and a 56.4% success rate. Strauss covers the Industrial Goods sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Huntington Ingalls.

Currently, the analyst consensus on Lockheed Martin is a Hold with an average price target of $477.40, representing a 10.8% upside. In a report issued on January 23, RBC Capital also maintained a Hold rating on the stock with a $470.00 price target.

See today’s best-performing stocks on TipRanks >>

Fortune Brands Innovations (FBIN)

Barclays analyst Matthew Bouley reiterated a Buy rating on Fortune Brands Innovations yesterday and set a price target of $87.00. The company’s shares closed last Monday at $80.06, close to its 52-week high of $80.33.

According to TipRanks.com, Bouley is a top 100 analyst with an average return of 20.8% and a 65.3% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, SiteOne Landscape Supply, and Builders Firstsource.

The word on The Street in general, suggests a Hold analyst consensus rating for Fortune Brands Innovations with a $81.00 average price target.

Sysco (SYY)

In a report released yesterday, Jeff Bernstein from Barclays maintained a Buy rating on Sysco, with a price target of $85.00. The company’s shares closed last Monday at $75.17.

According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 7.5% and a 65.2% success rate. Bernstein covers the NA sector, focusing on stocks such as Restaurant Brands International, First Watch Restaurant Group, and Brinker International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sysco with a $82.08 average price target, a 9.3% upside from current levels. In a report issued on January 23, J.P. Morgan also maintained a Buy rating on the stock with a $82.00 price target.

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