- Jefferies analyst Stephen Volkmann initiated coverage of industrial robotics company Sarcos Technology & Robotics Corp (NASDAQ:STRC) with a Buy rating and $16 price target, implying a 163.2% upside.
- Sarcos is developing robotics to augment work in non-standard settings, Volkmann notes.
- The analyst says the technology addresses “key demographic and ESG challenges” such as worker shortages and injuries while driving increased productivity versus unassisted human employees.
- Price Action: STRC shares traded higher by 5.92% at $6.44 in the premarket session on the last check Wednesday.
Piper Sandler Maintains Overweight on Estee Lauder Cos, Lowers Price Target to $350
Piper Sandler analyst Korinne Wolfmeyer maintains Estee Lauder Cos (NYSE:EL) with a Overweight and lowers the price target from $380 to $350.
