January 13, 2023

Analysts Offer Insights on Industrial Goods Companies: Sysco (SYY) and Nine Energy Service (NINE)

Posted By: ndeeney

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 Nine Energy Service (NINE – Research Report) with bullish sentiments.

Sysco (SYY)

In a report released today, Joshua Long from Stephens reiterated a Buy rating on Sysco, with a price target of $90.00. The company’s shares closed last Friday at $79.57.

According to TipRanks.com, Long is a 3-star analyst with an average return of 6.8% and a 73.9% success rate. Long covers the Services sector, focusing on stocks such as Papa John’s International, Carrols Restaurant Group, and Ruth’s Hospitality.

Currently, the analyst consensus on Sysco is a Moderate Buy with an average price target of $89.27, representing an 11.7% upside. 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 >>

Nine Energy Service (NINE)

In a report released today, Ignacio Bernaldez from EF Hutton reiterated a Buy rating on Nine Energy Service, with a price target of $18.00. The company’s shares closed last Friday at $16.40.

Bernaldez has an average return of 46.0% when recommending Nine Energy Service.

According to TipRanks.com, Bernaldez is ranked #3864 out of 8253 analysts.

Currently, the analyst consensus on Nine Energy Service is a Moderate Buy with an average price target of $18.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on SYY:

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