There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Marvell (MRVL) and Diageo plc (DGEAF) with bullish sentiments.
Marvell (MRVL)
In a report released yesterday, Karl Ackerman from Cowen & Co. maintained a Buy rating on Marvell, with a price target of $22. The company’s shares closed yesterday at $16.09, close to its 52-week low of $14.69.
According to TipRanks.com, Ackerman is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.1% and a 27.3% success rate. Ackerman covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Ultra Clean Holdings, and Skyworks Solutions.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marvell with a $25.40 average price target, implying a 57.9% upside from current levels. In a report issued on November 29, MKM Partners also maintained a Buy rating on the stock with a $27 price target.
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Diageo plc (DGEAF)
Credit Suisse analyst Sanjeet Aujla maintained a Buy rating on Diageo plc yesterday. The company’s shares closed last Friday at $35.70.
Aujla has an average return of 1.9% when recommending Diageo plc.
According to TipRanks.com, Aujla is ranked #2481 out of 5121 analysts.
The the analyst consensus on Diageo plc is currently a Strong Buy rating.
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