Wall Street Analysts Are Neutral on Top Consumer Goods Picks


Analysts fell to the sidelines weighing in on IPG Photonics Corporation (IPGP) and Maxim Integrated (MXIM) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

IPG Photonics Corporation (IPGP)

In a report released today, David Ryzhik from Susquehanna reiterated a Hold rating on IPG Photonics Corporation, with a price target of $164. The company’s shares closed yesterday at $174.73.

According to TipRanks.com, Ryzhik is ranked #4049 out of 5198 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IPG Photonics Corporation with a $160.80 average price target.

See today’s analyst top recommended stocks >>

Maxim Integrated (MXIM)

Oppenheimer analyst Rick Schafer maintained a Hold rating on Maxim Integrated today. The company’s shares closed yesterday at $60.

Schafer wrote:

“MXIM reported earnings Tuesday. F3Q (Mar) sales/EPS of $542M/$0.52 tracked in line with Street $540M/$0.52 while F4Q (June) outlook of $560M/$0.57 just missed consensus $563M/$0.58. Overall sales were down 16% Y/Y and expected down 12% Y/Y in 2Q. Weakness was broad based with auto relatively strong, up 5% Y/Y. GM of 63.8% was down 210bp Q/Q reflecting an inventory write-down, but rebounding to 65.5% in F4Q. Mgmt outlook compares favorably to peers, likely reflecting mgmt’s decision to cut deeper early on in the current semi correction. Mgmt highlighted core auto/industrial show signs of stabilization/return to normal seasonality and sees an improved outlook for C2H. Near-term macro uncertainty remains, keeping us sidelined here.”

According to TipRanks.com, Schafer is a top 100 analyst with an average return of 17.1% and a 73.3% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.

Maxim Integrated has an analyst consensus of Hold, with a price target consensus of $59.33, implying a -1.1% downside from current levels. In a report released yesterday, RBC Capital also resumed coverage with a Hold rating on the stock with a $64 price target.

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