Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Lam Research (NASDAQ:LRCX) and Columbia Sportswear (NASDAQ:COLM).
Lam Research (LRCX)
B.Riley FBR analyst Craig Ellis reiterated a Buy rating on Lam Research today and set a price target of $265. The company’s shares closed yesterday at $177.26.
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 37.1% and a 79.3% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Rudolph Technologies, Silicon Laboratories, and Skyworks Solutions.
Currently, the analyst consensus on Lam Research is a Strong Buy with an average price target of $246.56, representing a 39.1% upside. In a report issued on July 13, Citigroup also maintained a Buy rating on the stock with a $239 price target.
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Columbia Sportswear (COLM)
In a report released today, Susan Anderson from B.Riley FBR reiterated a Hold rating on Columbia Sportswear, with a price target of $87. The company’s shares closed yesterday at $92.52, close to its 52-week high of $95.58.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 6.5% and a 57.7% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.
Currently, the analyst consensus on Columbia Sportswear is a Moderate Buy with an average price target of $98.17, a 6.1% upside from current levels. In a report issued on July 16, D.A. Davidson also downgraded the stock to Hold with a $96 price target.
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