Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Intel (NASDAQ:INTC), Apple (NASDAQ:AAPL) and Lumentum Holdings (NASDAQ:LITE).
Intel (INTC)
Stifel Nicolaus analyst Kevin Cassidy maintained a Hold rating on Intel today and set a price target of $52. The company’s shares opened today at $50.14.
According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 22.4% and a 70.3% success rate. Cassidy covers the Consumer Goods sector, focusing on stocks such as Smart Global Holdings Inc, Advanced Micro Devices, and Western Digital.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intel with a $55.42 average price target, a 10.5% upside from current levels. In a report issued on July 27, Merrill Lynch also downgraded the stock to Hold with a $56 price target.
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Apple (AAPL)
Macquarie analyst Ben Schachter maintained a Buy rating on Apple today and set a price target of $214. The company’s shares opened today at $208.88, close to its 52-week high of $209.78.
Schachter has an average return of 26.6% when recommending Apple.
According to TipRanks.com, Schachter is ranked #97 out of 4850 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $212.81 average price target, implying a 1.9% upside from current levels. In a report issued on August 2, Monness also assigned a Buy rating to the stock with a $275 price target.
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Lumentum Holdings (LITE)
D.A. Davidson analyst Mark Kelleher maintained a Buy rating on Lumentum Holdings today and set a price target of $98. The company’s shares opened today at $58.45.
According to TipRanks.com, Kelleher is a 4-star analyst with an average return of 6.2% and a 52.7% success rate. Kelleher covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Extreme Networks, and Arista Networks.
Lumentum Holdings has an analyst consensus of Strong Buy, with a price target consensus of $82.38, which is a 40.9% upside from current levels. In a report issued on August 7, Loop Capital Markets also maintained a Buy rating on the stock with a $73 price target.
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