January 20, 2023

Wall Street Analysts Are Bullish on Top Industrial Goods Picks

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Sysco (SYY – Research Report) and Crestwood Equity (CEQP – Research Report) with bullish sentiments.

Sysco (SYY)

In a report issued on January 18, John Ivankoe from J.P. Morgan maintained a Buy rating on Sysco, with a price target of $84.00. The company’s shares closed last Thursday at $76.97.

According to TipRanks.com, Ivankoe is a 5-star analyst with an average return of 9.9% and a 66.7% success rate. Ivankoe covers the Services sector, focusing on stocks such as Brinker International, Cheesecake Factory, and Texas Roadhouse.

Currently, the analyst consensus on Sysco is a Moderate Buy with an average price target of $88.56, a 15.1% upside from current levels. In a report issued on January 4, Wells Fargo also maintained a Buy rating on the stock with a $87.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Crestwood Equity (CEQP)

J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on Crestwood Equity yesterday and set a price target of $31.00. The company’s shares closed last Thursday at $26.39.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 5.4% and a 55.8% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Plains All American.

Crestwood Equity has an analyst consensus of Strong Buy, with a price target consensus of $33.00, which is a 25.7% upside from current levels. In a report issued on January 13, Citigroup also maintained a Buy rating on the stock with a $31.00 price target.

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