There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Skyworks Solutions (SWKS) and Advanced Energy Industries (AEIS) with bullish sentiments.
Skyworks Solutions (SWKS)
In a report released today, Chris Caso from Raymond James maintained a Buy rating on Skyworks Solutions, with a price target of $110.00. The company’s shares closed last Monday at $101.59, close to its 52-week high of $102.87.
According to TipRanks.com, Caso is a 4-star analyst with an average return of 4.7% and a 50.0% success rate. Caso covers the Consumer Goods sector, focusing on stocks such as Microchip, ON Semi, and Micron.
Currently, the analyst consensus on Skyworks Solutions is a Moderate Buy with an average price target of $103.15, implying a 1.2% upside from current levels. In a report issued on November 1, B.Riley FBR also maintained a Buy rating on the stock with a $105.00 price target.
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Advanced Energy Industries (AEIS)
Citigroup analyst Atif Malik maintained a Buy rating on Advanced Energy Industries today and set a price target of $78.00. The company’s shares closed last Monday at $65.60.
According to TipRanks.com, Malik is a 5-star analyst with an average return of 20.9% and a 69.8% success rate. Malik covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Universal Display, and Lam Research.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Advanced Energy Industries with a $75.33 average price target, representing a 6.4% upside. In a report released yesterday, Susquehanna also reiterated a Buy rating on the stock with a $80.00 price target.
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