Analysts Offer Insights on Consumer Goods Companies: Monolithic Power (SKX) and Skechers USA (SKX)
Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Monolithic Power (NASDAQ: MPWR) and Skechers USA (NYSE: SKX).
Monolithic Power (NASDAQ: MPWR)
Deutsche Bank analyst Ross Seymore maintained a Buy rating on Monolithic Power (NASDAQ: MPWR) today and set a price target of $150. The company’s shares closed yesterday at $133.37, close to its 52-week high of $137.80.
According to TipRanks.com, Seymore is a top 100 analyst with an average return of 28.4% and a 82.5% success rate. Seymore covers the Consumer Goods sector, focusing on stocks such as NXP Semiconductors, Maxlinear Inc, and Qualcomm Inc.
Currently, the analyst consensus on Monolithic Power is Strong Buy and the average price target is $143.14, representing a 7.3% upside.
In a report released today, Needham also reiterated a Buy rating on the stock with a $150 price target.
See today’s analyst top recommended stocks >>
Skechers USA (NYSE: SKX)
Wedbush analyst Christopher Svezia maintained a Hold rating on Skechers USA (NYSE: SKX) today and set a price target of $33. The company’s shares closed yesterday at $28.32.
Svezia has an average return of 48.8% when recommending Skechers USA.
According to TipRanks.com, Svezia is ranked #919 out of 4826 analysts.
Skechers USA has an analyst consensus of Strong Buy, with a price target consensus of $42.80.
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