There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Cypress Semicon (CY) and Intel (INTC) with bullish sentiments.
Cypress Semicon (CY)
In a report released today, Anthony Stoss from Craig-Hallum maintained a Buy rating on Cypress Semicon, with a price target of $20. The company’s shares opened today at $17.30.
According to TipRanks.com, Stoss is a 5-star analyst with an average return of 14.1% and a 65.2% success rate. Stoss covers the Consumer Goods sector, focusing on stocks such as Stmicroelectronics NV, Akoustis Technologies, and Silicon Motion.
Cypress Semicon has an analyst consensus of Strong Buy, with a price target consensus of $18.89, representing a 9.2% upside. In a report issued on April 12, Needham also maintained a Buy rating on the stock with a $20 price target.
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Intel (INTC)
Credit Suisse analyst John Pitzer maintained a Buy rating on Intel today and set a price target of $58. The company’s shares opened today at $52.43.
According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 22.3% and a 73.8% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Keysight Technologies, and Cadence Design.
The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $53.94 average price target, implying a 2.9% upside from current levels. In a report issued on April 11, Merrill Lynch also reiterated a Buy rating on the stock.
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