There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Sherwin-Williams Company (NYSE:SHW), L3 Technologies Inc (NYSE:LLL) and Marvell (NASDAQ:MRVL) with bullish sentiments.
Sherwin-Williams Company (SHW)
In a report released yesterday, Chris Parkinson from Credit Suisse maintained a Buy rating on Sherwin-Williams Company, with a price target of $500. The company’s shares closed yesterday at $402.30.
According to TipRanks.com, Parkinson is a 1-star analyst with an average return of -0.9% and a 52.2% success rate. Parkinson covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Ashland Inc, and WR Grace.
Currently, the analyst consensus on Sherwin-Williams Company is a Moderate Buy with an average price target of $481.44.
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L3 Technologies Inc (LLL)
In a report released yesterday, Robert Spingarn from Credit Suisse maintained a Buy rating on L3 Technologies Inc, with a price target of $272. The company’s shares closed yesterday at $220.91, close to its 52-week high of $222.64.
According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 16.0% and a 71.3% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and Spirit AeroSystems.
Currently, the analyst consensus on L3 Technologies Inc is a Moderate Buy with an average price target of $236, representing a 6.8% upside. In a report released yesterday, Vertical Research also upgraded the stock to Buy with a $230 price target.
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Marvell (MRVL)
In a report released yesterday, John Pitzer from Credit Suisse maintained a Buy rating on Marvell, with a price target of $30. The company’s shares closed yesterday at $18.12, close to its 52-week low of $17.18.
According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 18.5% and a 65.5% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Analog Devices, ASML Holding, and Lam Research.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marvell with a $27 average price target, implying a 49.0% upside from current levels. In a report issued on October 10, B.Riley FBR also maintained a Buy rating on the stock with a $26 price target.
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