There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on PVH (NYSE:PVH) and Tesla (NASDAQ:TSLA) with bullish sentiments.
PVH (PVH)
In a report released today, Robert Drbul from Guggenheim maintained a Buy rating on PVH, with a price target of $180. The company’s shares closed on Friday at $154.53.
Drbul observed:
“We expect International strength will continue, led by Europe and China. In North America, we believe performance at key wholesale accounts remains solid, and overall, that PVH continues to plan the back-half of the year conservatively (supporting gross margin gains). We also see continued growth ahead in the pure play e-comm channel, globally.”
According to TipRanks.com, Drbul is a top 100 analyst with an average return of 18.2% and a 77.1% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Lululemon Athletica Inc, and Ascena Retail Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PVH with a $182.14 average price target.
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Tesla (TSLA)
Oppenheimer analyst Colin Rusch maintained a Buy rating on Tesla today. The company’s shares closed on Friday at $322.82.
According to TipRanks.com, Rusch is a 4-star analyst with an average return of 11.4% and a 48.6% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.
Currently, the analyst consensus on Tesla is a Hold with an average price target of $330.95.
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