There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Lam Research (NASDAQ:LRCX) and VF Corp (NYSE:VFC) with bullish sentiments.
Lam Research (LRCX)
Credit Suisse analyst John Pitzer maintained a Buy rating on Lam Research yesterday and set a price target of $278. The company’s shares opened today at $145.27, close to its 52-week low of $135.99.
According to TipRanks.com, Pitzer is a 5-star analyst with an average return of 18.4% and a 64.8% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Analog Devices, Microchip, and Marvell.
Lam Research has an analyst consensus of Moderate Buy, with a price target consensus of $214, implying a 47.3% upside from current levels. In a report issued on October 3, Susquehanna also maintained a Buy rating on the stock with a $225 price target.
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VF Corp (VFC)
In a report released today, Michael Binetti from Credit Suisse maintained a Buy rating on VF Corp, with a price target of $105. The company’s shares opened today at $89.65.
According to TipRanks.com, Binetti is a 5-star analyst with an average return of 11.6% and a 57.9% success rate. Binetti covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Foot Locker Inc, and TJX Companies.
VF Corp has an analyst consensus of Strong Buy, with a price target consensus of $103.06.
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