Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Craft Brewers Alliance (BREW) and Intel (INTC).
Craft Brewers Alliance (BREW)
In a report released today, Anthony Vendetti from Maxim Group maintained a Buy rating on Craft Brewers Alliance, with a price target of $21. The company’s shares closed yesterday at $14.88.
Vendetti commented:
“Market close, BREW reported inline 1Q19 results, and reaffirmed 2019 guidance, including depletions and shipment growth of between 5% and 8%. Kona shipments grew 10% y/y, and depletions accelerated to 16% in April post- March Madness marketing campaign, with Wave seeing 37% depletion growth. SG&A and CapEx guidance slightly adjusted to reflect timing of Kona legal settlement and shift in timing of Kona brewery expenses The earnings conference call is today at 11:30am ET.”
According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 4.4% and a 49.3% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Xtant Medical Holdings.
Craft Brewers Alliance has an analyst consensus of Moderate Buy, with a price target consensus of $20.33.
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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 yesterday at $49.24.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 11.3% and a 63.8% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Texas Instruments.
Currently, the analyst consensus on Intel is a Hold with an average price target of $52.83, implying a 7.3% upside from current levels. In a report issued on April 29, Argus Research also downgraded the stock to Hold.
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