Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Microchip (NASDAQ: MCHP), JM Smucker (NYSE: SJM) and Palo Alto Networks (NYSEArca: PANW).
Microchip (NASDAQ: MCHP)
Morgan Stanley analyst Craig Hettenbach maintained a Hold rating on Microchip (NASDAQ: MCHP) today and set a price target of $103. The company’s shares closed yesterday at $101.41, close to its 52-week high of $101.73.
According to TipRanks.com, Hettenbach is a 5-star analyst with an average return of 24.3% and a 75.3% success rate. Hettenbach covers the Consumer Goods sector, focusing on stocks such as NXP Semiconductors, IMPINJ Inc, and Broadcom.
Microchip has an analyst consensus of Strong Buy, with a price target consensus of $114.50.
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JM Smucker (NYSE: SJM)
In a report released today, Robert Moskow from Credit Suisse maintained a Sell rating on JM Smucker (NYSE: SJM), with a price target of $98. The company’s shares closed yesterday at $107.04.
According to TipRanks.com, Moskow is a 3-star analyst with an average return of 2.1% and a 50.8% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, TreeHouse Foods, and Pinnacle Foods.
JM Smucker has an analyst consensus of Hold, with a price target consensus of $134.75.
Palo Alto Networks (NYSEArca: PANW)
In a report released today, Melissa Franchi from Morgan Stanley maintained a Buy rating on Palo Alto Networks (NYSEArca: PANW), with a price target of $240. The company’s shares closed yesterday at $208.09, close to its 52-week high of $214.69.
Franchi has an average return of 11.2% when recommending Palo Alto Networks.
According to TipRanks.com, Franchi is ranked #4397 out of 4819 analysts.
Currently, the analyst consensus on Palo Alto Networks is Moderate Buy and the average price target is $226, representing an 8.6% upside.
In a report issued on May 23, RBC Capital also maintained a Buy rating on the stock with a $220 price target.
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