There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Lennar Corp (NYSE:LEN), General Motors (NYSE:GM) and Rudolph Technologies (NYSE:RTEC) with bullish sentiments.
Lennar Corp (LEN)
Citigroup analyst Scott Schrier maintained a Buy rating on Lennar Corp today and set a price target of $62. The company’s shares closed yesterday at $46.24, close to its 52-week low of $45.37.
According to TipRanks.com, Schrier is a 3-star analyst with an average return of 4.2% and a 36.0% success rate. Schrier covers the Consumer Goods sector, focusing on stocks such as Green Brick Partners, PulteGroup, and Tri Pointe.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lennar Corp with a $60.67 average price target, representing a 31.2% upside. In a report issued on September 21, J.P. Morgan also maintained a Buy rating on the stock with a $60 price target.
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General Motors (GM)
In a report released today, Itay Michaeli from Citigroup maintained a Buy rating on General Motors, with a price target of $57. The company’s shares closed yesterday at $34, close to its 52-week low of $33.20.
Michaeli has an average return of 3.7% when recommending General Motors.
According to TipRanks.com, Michaeli is ranked #1150 out of 4884 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for General Motors with a $49.22 average price target, which is a 44.8% upside from current levels. In a report released yesterday, Wolfe Research also initiated coverage with a Buy rating on the stock.
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Rudolph Technologies (RTEC)
B.Riley FBR analyst Craig Ellis maintained a Buy rating on Rudolph Technologies today and set a price target of $30. The company’s shares closed yesterday at $23.96, close to its 52-week low of $23.05.
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 30.3% and a 69.0% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Silicon Laboratories.
Currently, the analyst consensus on Rudolph Technologies is a Moderate Buy with an average price target of $30, a 25.2% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $30 price target.
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