There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Analog Devices (NASDAQ: ADI) and Coty Inc (NYSE: COTY) with bullish sentiments.
Analog Devices (NASDAQ: ADI)
B.Riley FBR analyst Craig Ellis maintained a Buy rating on Analog Devices (NASDAQ: ADI) today and set a price target of $120. The company’s shares closed yesterday at $94.98, close to its 52-week high of $98.38.
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 39.1% and a 82.5% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Silicon Laboratories, Applied Materials, and Brooks Automation.
Currently, the analyst consensus on Analog Devices is Strong Buy and the average price target is $109, representing a 14.8% upside.
In a report issued on May 23, Oppenheimer also reiterated a Buy rating on the stock with a $100 price target.
See today’s analyst top recommended stocks >>
Coty Inc (NYSE: COTY)
In a report released today, Wendy Nicholson from Citigroup maintained a Buy rating on Coty Inc (NYSE: COTY), with a price target of $18. The company’s shares closed yesterday at $13.59, close to its 52-week low of $13.29.
According to TipRanks.com, Nicholson is a 3-star analyst with an average return of 3.0% and a 58.7% success rate. Nicholson covers the Consumer Goods sector, focusing on stocks such as Monster Beverage Corp, Kimberly Clark, and Coca-Cola.
Coty Inc has an analyst consensus of Hold, with a price target consensus of $15.63.
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