Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Brinker International (EAT), Logitech (LOGI) and Intel (INTC).
Brinker International (EAT)
In a report released yesterday, Stephen Anderson from Maxim Group reiterated a Buy rating on Brinker International, with a price target of $58. The company’s shares closed yesterday at $43.14.
Anderson wrote:
“We reiterate our Buy rating and $58 price target on Brinker International (EAT) ahead of the release of F3Q19 (March) results on Tuesday, April 30 before the open.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 9.8% and a 67.4% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
Currently, the analyst consensus on Brinker International is a Hold with an average price target of $48.60.
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Logitech (LOGI)
Wedbush analyst Michael Pachter maintained a Buy rating on Logitech yesterday and set a price target of $43. The company’s shares closed yesterday at $41.41.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -0.6% and a 52.0% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Amazon.com, Inc.
Logitech has an analyst consensus of Strong Buy, with a price target consensus of $48.33, a 16.7% upside from current levels. In a report released yesterday, D.A. Davidson also reiterated a Buy rating on the stock with a $58 price target.
Intel (INTC)
In a report released yesterday, Hans Mosesmann from Rosenblatt Securities maintained a Sell rating on Intel. The company’s shares closed yesterday at $58.78, close to its 52-week high of $59.59.
Mosesmann noted:
“We expect the Street views near-term financial results as less important than what appears to be financial discipline by new CEO Bob Swan as evidenced by the exit of the non-strategic 5G handset modem business, a move that the previous management would have been reluctant to do, in our opinion.”
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 13.5% and a 60.0% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Lattice Semicon, and Microchip.
Intel has an analyst consensus of Moderate Buy, with a price target consensus of $55.43, which is a -5.7% downside from current levels. In a report issued on April 17, Northland Securities also maintained a Sell rating on the stock with a $38 price target.
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