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Analysts Offer Insights on Industrial Goods Companies: Symbotic (SYM) and Allegiant Travel Company (ALGT)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Symbotic (SYMResearch Report) and Allegiant Travel Company (ALGTResearch Report).

Symbotic (SYM)

In a report released today, James Ricchiuti from Needham maintained a Buy rating on Symbotic, with a price target of $54.00. The company’s shares closed last Monday at $49.60.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 16.2% and a 56.9% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Universal Display.

Symbotic has an analyst consensus of Moderate Buy, with a price target consensus of $54.67, a 5.1% upside from current levels. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $55.00 price target.

See the top stocks recommended by analysts >>

Allegiant Travel Company (ALGT)

In a report released today, Helane Becker from TD Cowen maintained a Hold rating on Allegiant Travel Company, with a price target of $85.00. The company’s shares closed last Monday at $73.10.

According to TipRanks.com, Becker is a 5-star analyst with an average return of 10.9% and a 62.0% success rate. Becker covers the Industrial Goods sector, focusing on stocks such as Controladora Vuela Compania de Aviacion SAB de CV, Sun Country Airlines Holdings, and United Airlines Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Allegiant Travel Company with a $84.29 average price target, representing a 9.4% upside. In a report released yesterday, Barclays also assigned a Hold rating to the stock with a $65.00 price target.

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