There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Western Digital (WDC), Cadence Design (CDNS) and Mattel (MAT) with bullish sentiments.
Western Digital (WDC)
Wells Fargo analyst Aaron Rakers maintained a Buy rating on Western Digital on December 6. The company’s shares closed last Monday at $49.08.
According to TipRanks.com, Rakers is a 5-star analyst with an average return of 14.8% and a 63.0% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Dell Technologies, and Arista Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Western Digital with a $62.42 average price target.
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Cadence Design (CDNS)
In a report issued on December 6, Gary Mobley from Wells Fargo maintained a Buy rating on Cadence Design. The company’s shares closed last Monday at $67.18.
According to TipRanks.com, Mobley is a 4-star analyst with an average return of 11.9% and a 60.4% success rate. Mobley covers the Consumer Goods sector, focusing on stocks such as Silicon Laboratories, Microchip, and Marvell.
Currently, the analyst consensus on Cadence Design is a Moderate Buy with an average price target of $75.80.
Mattel (MAT)
In a report issued on December 6, Tim Conder from Wells Fargo maintained a Buy rating on Mattel. The company’s shares closed last Monday at $12.07.
According to TipRanks.com, Conder is a 4-star analyst with an average return of 7.8% and a 61.0% success rate. Conder covers the Consumer Goods sector, focusing on stocks such as Acushnet Holdings, Malibu Boats, and Brunswick.
The word on The Street in general, suggests a Hold analyst consensus rating for Mattel with a $12.00 average price target.
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