Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Wolverine World Wide (NYSE: WWW) and Vector Group (NYSE: VGR).
Wolverine World Wide (NYSE: WWW)
In a report released today, Mitch Kummetz from Pivotal Research maintained a Hold rating on Wolverine World Wide (NYSE: WWW), with a price target of $34. The company’s shares opened today at $31.46.
According to TipRanks.com, Kummetz is a 1-star analyst with an average return of -3.0% and a 46.9% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.
Wolverine World Wide has an analyst consensus of Hold, with a price target consensus of $34.50.
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Vector Group (NYSE: VGR)
Oppenheimer analyst Ian Zaffino maintained a Buy rating on Vector Group (NYSE: VGR) today and set a price target of $27. The company’s shares opened today at $19.50.
Zaffino said:
“Helped by continued strength in Tobacco volumes and share growth but offset by softness in Douglas Elliman, VGR reported 1Q18 results with revenue of $429M compared to our $436.4M and adjusted EBITDA of $53M vs. our $65.9M. Tobacco continues to perform well with revenue growth of ~3.8% YoY driven by a ~3.0% YoY increase in unit sales volume. Real Estate revenue also improved ~2.6% YoY, but adjusted EBITDA loss of $5.1M declined ~$7.5M YoY, primarily driven by a challenging NYC real estate market. Based on continued product shift driven by the growth of Eagle 20s and soft NYC real estate markets, we reduce our FY2018E EBITDA to $260M from $275M. Maintain Outperform.”
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 2.0% and a 54.5% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Peak Resorts, and Six Flags.
Vector Group has an analyst consensus of Moderate Buy, with a price target consensus of $27.
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