Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Coca-Cola (NYSE:KO) and Integrated Device Tech (NASDAQ:IDTI).
Coca-Cola (KO)
RBC Capital analyst Nik Modi maintained a Buy rating on Coca-Cola yesterday and set a price target of $56. The company’s shares closed yesterday at $45.86.
According to TipRanks.com, Modi is a 4-star analyst with an average return of 8.0% and a 70.7% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Church & Dwight, and Avon Products.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coca-Cola with a $50.58 average price target.
See today’s analyst top recommended stocks >>
Integrated Device Tech (IDTI)
In a report released yesterday, Anthony Stoss from Craig-Hallum maintained a Hold rating on Integrated Device Tech, with a price target of $49. The company’s shares closed yesterday at $46.95, close to its 52-week high of $47.45.
According to TipRanks.com, Stoss is a 5-star analyst with an average return of 14.7% and a 61.7% success rate. Stoss covers the Consumer Goods sector, focusing on stocks such as Stmicroelectronics NV, Skyworks Solutions, and Cypress Semicon.
Integrated Device Tech has an analyst consensus of Hold, with a price target consensus of $47, implying a 0.1% upside from current levels. In a report issued on October 16, KeyBanc also downgraded the stock to Hold.
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