Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Broadcom (NASDAQ:AVGO), Lam Research (NASDAQ:LRCX) and Pq Group Holdings Inc (NYSE:PQG).
Broadcom (AVGO)
Evercore ISI analyst C J Muse downgraded Broadcom to Hold on July 12. The company’s shares closed on Friday at $202.46, close to its 52-week low of $197.46.
According to TipRanks.com, Muse is a 4-star analyst with an average return of 19.3% and a 68.9% success rate. Muse covers the Consumer Goods sector, focusing on stocks such as Western Digital, Marvell, and Micron.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $305.65 average price target, implying a 51.0% upside from current levels. In a report issued on July 12, B.Riley FBR also downgraded the stock to Hold with a $245 price target.
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Lam Research (LRCX)
Citigroup analyst Atif Malik maintained a Buy rating on Lam Research on July 13 and set a price target of $239. The company’s shares closed on Friday at $171.79.
Malik has an average return of 35.8% when recommending Lam Research.
According to TipRanks.com, Malik is ranked #485 out of 4843 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lam Research with a $260.86 average price target, a 51.8% upside from current levels. In a report issued on July 9, Susquehanna also maintained a Buy rating on the stock with a $260 price target.
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Pq Group Holdings Inc (PQG)
In a report issued on July 13, Michael Sison from KeyBanc maintained a Buy rating on Pq Group Holdings Inc, with a price target of $21. The company’s shares closed on Friday at $17.98, close to its 52-week high of $18.69.
According to TipRanks.com, Sison is a 5-star analyst with an average return of 16.2% and a 67.5% success rate. Sison covers the Consumer Goods sector, focusing on stocks such as Eastman Chemical, Orion Engineered, and Celanese Corp.
Pq Group Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.
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