There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Ducommun Inc (NYSE: DCO) and SolarEdge Technologies (NASDAQ: SEDG) with bullish sentiments.
Ducommun Inc (NYSE: DCO)
Canaccord Genuity analyst Kenneth Herbert maintained a Buy rating on Ducommun Inc (NYSE: DCO) yesterday and set a price target of $36. The company’s shares opened today at $29.75.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 11.2% and a 62.3% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Spirit AeroSystems, and Rockwell Collins.
Ducommun Inc has an analyst consensus of Moderate Buy, with a price target consensus of $37.50.
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SolarEdge Technologies (NASDAQ: SEDG)
In a report released yesterday, Chip Moore from Canaccord Genuity maintained a Buy rating on SolarEdge Technologies (NASDAQ: SEDG), with a price target of $55. The company’s shares opened today at $55.60, close to its 52-week high of $59.20.
Moore observed:
“While the broader solar market is experiencing the typical boom/bust dynamics that many other industrial growth sectors have, SolarEdge’s differentiated power conversion and control offerings offer a clearer path toward secular profit improvement, in our view. That said, shares will still likely exhibit volatility given the dependence on solar, risks around increased competition and pricing pressures.”
According to TipRanks.com, Moore is a 3-star analyst with an average return of 7.4% and a 52.4% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Darling Ingredients, and Badger Meter.
SolarEdge Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $56.44.
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