There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on VF Corp (NYSE: VFC) and Kratos Defense (NASDAQ: KTOS) with bullish sentiments.
VF Corp (NYSE: VFC)
Canaccord Genuity analyst Camilo Lyon maintained a Buy rating on VF Corp (NYSE: VFC) today and set a price target of $91. The company’s shares opened today at $77.28.
Lyon observed:
“After VFC’s solid transition quarter results last week in which sales grew 22% (17% cc) and EPS 30% (22% cc), we had the opportunity to meet with CEO Steve Rendle and CFO Scott Roe to expound on the business and VFC’s progress against its key strategic initiatives. It was clear to us that the team’s confident tone about the strengths and opportunities that lay ahead is commensurate with a company that is seeing the key elements of its growth drivers accelerate. Specifically, Vans has yet to see a slowdown, North Face is set to recapture lost share in NA, and both international and DTC are tracking ahead of plan. In fact, all of VFC’s key growth initiatives are tracking at or ahead of its 2021 guidance.”
According to TipRanks.com, Lyon is a 1-star analyst with an average return of -0.8% and a 47.3% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Sequential Brands, and Steven Madden.
Currently, the analyst consensus on VF Corp is Strong Buy and the average price target is $88, representing a 13.9% upside.
In a report issued on April 26, Susquehanna also maintained a Buy rating on the stock with a $90 price target.
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Kratos Defense (NASDAQ: KTOS)
In a report released today, Kenneth Herbert from Canaccord Genuity maintained a Buy rating on Kratos Defense (NASDAQ: KTOS), with a price target of $15. The company’s shares opened today at $10.66.
Herbert said:
“We believe recent contract awards will increase confidence in the full-year revenue outlook. However, due to the timing of the FY18 defense budget we are not looking for any major upside surprises, and believe any upside relative to the guidance would be positive. The focus of the Q1/18 results will be execution, as measured by margin and FCF. We do not expect the company to raise its 2018 guidance, but see a bias to the upside considering low expectations heading into the print. We are maintaining our BUY rating and $15 target. We believe investors are increasingly confident in the top-line opportunity, but are now waiting to see how this will translate to margin improvement and FCF.”
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 11.8% and a 63.2% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Spirit AeroSystems, and Rockwell Collins.
Kratos Defense has an analyst consensus of Strong Buy, with a price target consensus of $15.
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