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Analysts’ Top Industrial Goods Picks: Sysco (SYY), TC Energy (TRP)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Sysco (SYYResearch Report) and TC Energy (TRPResearch Report) with bullish sentiments.

Sysco (SYY)

BMO Capital analyst Kelly Bania reiterated a Buy rating on Sysco today and set a price target of $96.00. The company’s shares closed last Thursday at $82.31.

According to TipRanks.com, Bania is a 4-star analyst with an average return of 5.4% and a 64.1% success rate. Bania covers the Consumer Goods sector, focusing on stocks such as United Natural Foods, The Chefs’ Warehouse, and Albertsons Companies.

Sysco has an analyst consensus of Strong Buy, with a price target consensus of $94.88, a 14.8% upside from current levels. In a report issued on August 9, Barclays also maintained a Buy rating on the stock with a $100.00 price target.

See the top stocks recommended by analysts >>

TC Energy (TRP)

BMO Capital analyst Benjamin Pham maintained a Buy rating on TC Energy today and set a price target of C$72.00. The company’s shares closed last Thursday at $50.09.

According to TipRanks.com, Pham is a top 100 analyst with an average return of 13.5% and a 79.0% success rate. Pham covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, TransAlta, and AltaGas.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TC Energy with a $56.35 average price target, which is a 13.2% upside from current levels. In a report issued on July 29, Scotiabank also maintained a Buy rating on the stock with a C$76.00 price target.

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.

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