Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Wolverine World Wide (NYSE:WWW) and Applied Optoelectronics (NASDAQ:AAOI).
Wolverine World Wide (WWW)
Stifel Nicolaus analyst Jim Duffy reiterated a Buy rating on Wolverine World Wide yesterday and set a price target of $42. The company’s shares closed yesterday at $36.85, close to its 52-week high of $37.20.
According to TipRanks.com, Duffy is a 4-star analyst with an average return of 8.9% and a 64.5% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Fox Factory Holding, Clarus Corporation, and Gildan Activewear.
Currently, the analyst consensus on Wolverine World Wide is a Strong Buy with an average price target of $40.80, which is a 10.7% upside from current levels. In a report issued on August 1, Susquehanna also upgraded the stock to Buy with a $41 price target.
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Applied Optoelectronics (AAOI)
Northland Securities analyst Tim Savageaux reiterated a Sell rating on Applied Optoelectronics yesterday and set a price target of $29. The company’s shares closed yesterday at $40.92.
According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 6.2% and a 57.5% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Acacia Communications, and Luna Innovations Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Applied Optoelectronics with a $39.19 average price target, a -4.2% downside from current levels. In a report released yesterday, Craig-Hallum also reiterated a Sell rating on the stock with a $28 price target.
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