There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Axcelis Technologies (ACLS) and Guess (GES) with bullish sentiments.
Axcelis Technologies (ACLS)
In a report released yesterday, Craig Ellis from B.Riley FBR maintained a Buy rating on Axcelis Technologies, with a price target of $27.00. The company’s shares closed last Monday at $21.53, close to its 52-week high of $22.99.
According to TipRanks.com, Ellis is a 4-star analyst with an average return of 5.0% and a 55.3% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Applied Materials, and Brooks Automation.
Currently, the analyst consensus on Axcelis Technologies is a Strong Buy with an average price target of $24.50.
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Guess (GES)
B.Riley FBR analyst Susan Anderson reiterated a Buy rating on Guess today and set a price target of $25.00. The company’s shares closed last Monday at $18.49.
According to TipRanks.com, Anderson is a 1-star analyst with an average return of -0.1% and a 43.1% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Turning Point Brands, Columbia Sportswear, and G-III Apparel Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Guess with a $23.50 average price target, a 24.2% upside from current levels. In a report issued on November 29, Evercore ISI also maintained a Buy rating on the stock with a $22.00 price target.
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