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Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Microchip (NASDAQ: MCHP) and Garmin Ltd (NASDAQ: GRMN).
Microchip (NASDAQ: MCHP)
Credit Suisse analyst John Pitzer maintained a Buy rating on Microchip (NASDAQ: MCHP) yesterday and set a price target of $110. The company’s shares closed yesterday at $88.74.
According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 21.1% and a 71.9% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Broadcom Ltd.
Currently, the analyst consensus on Microchip is Strong Buy and the average price target is $114.27, representing a 28.8% upside.
In a report issued on May 3, Rosenblatt Securities also reiterated a Buy rating on the stock with a $118 price target.
See today’s analyst top recommended stocks >>
Garmin Ltd (NASDAQ: GRMN)
In a report released yesterday, Robert Spingarn from Credit Suisse downgraded Garmin Ltd (NASDAQ: GRMN) to Sell, with a price target of $53. The company’s shares closed yesterday at $59.37.
According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 15.6% and a 72.0% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as Maxar Technologies Ltd, General Dynamics Corp, and Transdigm Group Inc.
Garmin Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $59.
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