There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Brooks Automation (NASDAQ: BRKS) and II-VI Inc (NASDAQ: IIVI) with bullish sentiments.
Brooks Automation (NASDAQ: BRKS)
In a report released today, Craig Ellis from B.Riley FBR maintained a Buy rating on Brooks Automation (NASDAQ: BRKS), with a price target of $40. The company’s shares opened today at $26.92.
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 35.0% and a 74.1% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Silicon Laboratories.
Brooks Automation has an analyst consensus of Hold.
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II-VI Inc (NASDAQ: IIVI)
In a report released today, Dave Kang from B.Riley FBR maintained a Buy rating on II-VI Inc (NASDAQ: IIVI), with a price target of $54. The company’s shares opened today at $40.80.
According to TipRanks.com, Kang is a 5-star analyst with an average return of 17.3% and a 58.3% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Lumentum Holdings.
Currently, the analyst consensus on II-VI Inc is Strong Buy and the average price target is $51.86, representing a 27.1% upside.
In a report released today, Needham also maintained a Buy rating on the stock with a $50 price target.
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