Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on MKS Instruments (MKSI), Cirrus Logic (CRUS) and Cree (CREE).
MKS Instruments (MKSI)
Cowen & Co. analyst Krish Sankar maintained a Buy rating on MKS Instruments on January 30 and set a price target of $100. The company’s shares closed on Friday at $84.10.
According to TipRanks.com, Sankar is a 4-star analyst with an average return of 6.2% and a 51.1% success rate. Sankar covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Kla-Tencor Corp, and Lam Research.
MKS Instruments has an analyst consensus of Strong Buy, with a price target consensus of $99.33, representing a 18.1% upside. In a report issued on January 29, Stifel Nicolaus also maintained a Buy rating on the stock with a $106 price target.
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Cirrus Logic (CRUS)
In a report issued on January 30, Matt Ramsay from Cowen & Co. maintained a Hold rating on Cirrus Logic, with a price target of $38. The company’s shares closed on Friday at $37.46.
According to TipRanks.com, Ramsay is a top 100 analyst with an average return of 22.7% and a 62.6% success rate. Ramsay covers the Consumer Goods sector, focusing on stocks such as Broadcom, Nvidia, and Xilinx.
Currently, the analyst consensus on Cirrus Logic is a Hold with an average price target of $37.50, representing a 0.1% upside. In a report issued on January 31, Craig-Hallum also downgraded the stock to Hold with a $38 price target.
Cree (CREE)
In a report issued on January 31, Jeff Osborne from Cowen & Co. maintained a Hold rating on Cree, with a price target of $45. The company’s shares closed on Friday at $50.50, close to its 52-week high of $52.76.
According to TipRanks.com, Osborne is ranked 0 out of 5 stars with an average return of -2.9% and a 41.3% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as TPI Composites Inc, Fuelcell Energy, and Workhorse Group.
Cree has an analyst consensus of Moderate Buy, with a price target consensus of $49.83, which is a -1.3% downside from current levels. In a report issued on January 29, JMP Securities also downgraded the stock to Hold with a $46 price target.
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