Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Maxlinear Inc (NYSE: MXL) and Wolverine World Wide (NYSE: WWW).
Maxlinear Inc (NYSE: MXL)
In a report released today, Quinn Bolton from Needham maintained a Buy rating on Maxlinear Inc (NYSE: MXL), with a price target of $27. The company’s shares closed yesterday at $23.83.
Bolton said:
“MaxLinear reported light 1Q18 revenue while NG EPS beat by $0.02. However, 2Q18 revenue guidance came in much lower than our forecast reflecting headwinds in optical, legacy terrestrial tuners, MoCA and satellite solutions as well as a negative impact from the recent ZTE ban. Though we remain encouraged by the growth in MXL’s wireless infrastructure segment and the strong pipeline of new Infrastructure products, we lower our EPS estimates for 2018 and 2019 in an effort to provide a conservative model. We reduce our price target to $27 from $30 .”
According to TipRanks.com, Bolton is a top 100 analyst with an average return of 16.4% and a 68.0% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Sequans Communications S A, and Quantenna Communications.
Maxlinear Inc has an analyst consensus of Strong Buy, with a price target consensus of $27.
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Wolverine World Wide (NYSE: WWW)
Susquehanna analyst Sam Poser maintained a Sell rating on Wolverine World Wide (NYSE: WWW) today. The company’s shares closed yesterday at $29.80.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 7.5% and a 56.9% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Deckers Outdoor, Steven Madden, and Skechers USA.
Wolverine World Wide has an analyst consensus of Hold, with a price target consensus of $34.50.
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