Wall Street Analysts Are Bullish on Top Consumer Goods Picks


There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on II-VI Inc (NASDAQ:IIVI), Kulicke & Soffa (NASDAQ:KLIC) and Turtle Beach Corp (NASDAQ:HEAR) with bullish sentiments.

II-VI Inc (IIVI)

In a report released today, Dave Kang from B.Riley FBR maintained a Buy rating on II-VI Inc, with a price target of $49. The company’s shares closed yesterday at $39.60.

According to TipRanks.com, Kang is a 5-star analyst with an average return of 16.9% and a 60.0% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Lumentum Holdings, and NeoPhotonics.

Currently, the analyst consensus on II-VI Inc is a Strong Buy with an average price target of $50.25, implying a 26.9% upside from current levels. In a report issued on July 23, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $57 price target.

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Kulicke & Soffa (KLIC)

In a report released today, Craig Ellis from B.Riley FBR maintained a Buy rating on Kulicke & Soffa, with a price target of $40. The company’s shares closed yesterday at $25.87.

According to TipRanks.com, Ellis is a top 25 analyst with an average return of 35.5% and a 76.4% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Rudolph Technologies, and Silicon Laboratories.

Kulicke & Soffa has an analyst consensus of Moderate Buy, with a price target consensus of $38.

Turtle Beach Corp (HEAR)

Wedbush analyst Alicia Reese maintained a Buy rating on Turtle Beach Corp today and set a price target of $31. The company’s shares closed yesterday at $28.15, close to its 52-week high of $30.

Reese has an average return of 146.4% when recommending Turtle Beach Corp.

According to TipRanks.com, Reese is ranked #4527 out of 4839 analysts.

Currently, the analyst consensus on Turtle Beach Corp is a Strong Buy with an average price target of $23.50, representing a -16.5% downside. In a report issued on July 23, Oppenheimer also reiterated a Buy rating on the stock with a $31 price target.

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