Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Methode Electronics (MEI) and Greif (GEF).
Methode Electronics (MEI)
Robert W. Baird analyst David Leiker reiterated a Buy rating on Methode Electronics today and set a price target of $43.00. The company’s shares closed last Monday at $38.07, close to its 52-week high of $38.26.
According to TipRanks.com, Leiker is a 4-star analyst with an average return of 4.8% and a 55.5% success rate. Leiker covers the Industrial Goods sector, focusing on stocks such as Navistar, Cummins, and Visteon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Methode Electronics with a $40.50 average price target, representing a 15.4% upside. In a report released today, B.Riley FBR also maintained a Buy rating on the stock with a $42.00 price target.
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Robert W. Baird analyst Ghansham Panjabi reiterated a Hold rating on Greif today and set a price target of $45.00. The company’s shares closed last Monday at $43.13.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 14.1% and a 74.1% success rate. Panjabi covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Sonoco Products.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Greif with a $39.00 average price target, which is a -14.7% downside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $46.00 price target.
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