There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on L3 Technologies Inc (NYSE:LLL) and Marvell (NASDAQ:MRVL) with bullish sentiments.
L3 Technologies Inc (LLL)
Cowen & Co. analyst Cai Rumohr maintained a Buy rating on L3 Technologies Inc today and set a price target of $250. The company’s shares closed yesterday at $220.80, close to its 52-week high of $223.73.
According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 17.0% and a 75.3% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
Currently, the analyst consensus on L3 Technologies Inc is a Moderate Buy with an average price target of $245.43, which is an 11.2% upside from current levels. In a report issued on October 15, Credit Suisse also maintained a Buy rating on the stock with a $272 price target.
.
See today’s analyst top recommended stocks >>
Marvell (MRVL)
In a report released today, Rick Schafer from Oppenheimer reiterated a Buy rating on Marvell, with a price target of $30. The company’s shares closed yesterday at $18.87.
According to TipRanks.com, Schafer is a 5-star analyst with an average return of 14.6% and a 64.9% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.
Marvell has an analyst consensus of Strong Buy, with a price target consensus of $27, representing a 43.1% upside. In a report issued on October 10, B.Riley FBR also maintained a Buy rating on the stock with a $26 price target.
.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
