There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Hexcel (HXL), Micron (MU) and General Motors (GM) with bullish sentiments.
Hexcel (HXL)
In a report released today, John McNulty from BMO Capital maintained a Buy rating on Hexcel, with a price target of $73. The company’s shares opened today at $60.71.
According to TipRanks.com, McNulty is a 1-star analyst with an average return of -1.2% and a 48.8% success rate. McNulty covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Westlake Chemical Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hexcel with a $72.75 average price target.
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Micron (MU)
In a report released today, Ambrish Srivastava from BMO Capital maintained a Buy rating on Micron, with a price target of $50. The company’s shares opened today at $36.01.
According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 10.0% and a 70.3% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Maxim Integrated.
Micron has an analyst consensus of Moderate Buy, with a price target consensus of $49.33, representing a 37.0% upside. In a report issued on January 9, Bernstein also upgraded the stock to Buy with a $52 price target.
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General Motors (GM)
In a report released today, Richard Carlson from BMO Capital maintained a Buy rating on General Motors, with a price target of $41. The company’s shares opened today at $37.18.
According to TipRanks.com, Carlson has currently no stars on a ranking scale of 0-5 stars, with an average return of -16.5% and a 24.1% success rate. Carlson covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and BorgWarner.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for General Motors with a $46.13 average price target, a 24.1% upside from current levels. In a report issued on January 4, UBS also maintained a Buy rating on the stock with a $47 price target.
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