Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Microchip (MCHP) and Intel (INTC).
Microchip (MCHP)
In a report released today, Hans Mosesmann from Rosenblatt Securities maintained a Buy rating on Microchip, with a price target of $115. The company’s shares closed on Friday at $100.75, close to its 52-week high of $104.20.
Mosesmann said:
“We are comfortable with our flat-to-up June quarter estimates consistent for a modest recovery.”
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 13.3% and a 60.1% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Lattice Semicon, and Inphi Corp.
Currently, the analyst consensus on Microchip is a Moderate Buy with an average price target of $107.83, implying a 7.0% upside from current levels. In a report released today, B.Riley FBR also reiterated a Buy rating on the stock with a $125 price target.
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Intel (INTC)
In a report released today, Christopher Rolland from Susquehanna reiterated a Hold rating on Intel, with a price target of $52. The company’s shares closed on Friday at $51.75.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 12.4% and a 67.6% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Texas Instruments.
Intel has an analyst consensus of Hold, with a price target consensus of $53.12, a 2.6% upside from current levels. In a report issued on April 29, Argus Research also downgraded the stock to Hold.
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