There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Methode Electronics (MEI) and iRobot (IRBT) with bullish sentiments.
Methode Electronics (MEI)
B.Riley FBR analyst Christopher Van Horn maintained a Buy rating on Methode Electronics today and set a price target of $42.00. The company’s shares closed last Monday at $38.07, close to its 52-week high of $38.26.
According to TipRanks.com, Horn is a 3-star analyst with an average return of 1.7% and a 52.2% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Motorcar Parts Of America, Cooper Tire Rubber, and Dorman Products.
Methode Electronics has an analyst consensus of Moderate Buy, with a price target consensus of $40.50, a 15.4% upside from current levels. In a report issued on December 4, Robert W. Baird also maintained a Buy rating on the stock with a $39.00 price target.
See today’s analyst top recommended stocks >>
iRobot (IRBT)
Northland Securities analyst Michael Latimore maintained a Buy rating on iRobot today and set a price target of $81.00. The company’s shares closed last Monday at $44.31, close to its 52-week low of $42.41.
According to TipRanks.com, Latimore is a 4-star analyst with an average return of 6.6% and a 51.1% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming, The Meet Group, and RingCentral.
iRobot has an analyst consensus of Hold, with a price target consensus of $53.67.
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