There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Stmicroelectronics NV (STM), Daimler (DDAIF) and Compagnie Générale des Établissements Michelin (MGDDF) with bullish sentiments.
Stmicroelectronics NV (STM)
In a report released today, Robert Sanders from Deutsche Bank maintained a Buy rating on Stmicroelectronics NV, with a price target of $20. The company’s shares opened today at $17.50.
According to TipRanks.com, Sanders is ranked #3038 out of 5237 analysts.
Stmicroelectronics NV has an analyst consensus of Strong Buy, with a price target consensus of $20.14, representing a 15.1% upside. In a report issued on July 2, Credit Suisse also maintained a Buy rating on the stock with a $19 price target.
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Daimler (DDAIF)
In a report released today, Tim Rokossa from Deutsche Bank maintained a Buy rating on Daimler, with a price target of $60. The company’s shares opened today at $54.45.
According to TipRanks.com, Rokossa is a 1-star analyst with an average return of -7.8% and a 20.8% success rate. Rokossa covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Bayerische Motoren Werke Aktiengesellschaft, and Continental Aktiengesellschaft.
The word on The Street in general, suggests a Hold analyst consensus rating for Daimler with a $63.13 average price target.
Compagnie Générale des Établissements Michelin (MGDDF)
In a report released today, Patrick Hummel from UBS maintained a Buy rating on Compagnie Générale des Établissements Michelin, with a price target of $124. The company’s shares closed on Tuesday at $125.18.
According to TipRanks.com, Hummel is a 1-star analyst with an average return of -2.4% and a 46.2% success rate. Hummel covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Continental Aktiengesellschaft, and Daimler.
Currently, the analyst consensus on Compagnie Générale des Établissements Michelin is a Strong Buy with an average price target of $141.01, representing a 12.6% upside. In a report issued on June 26, Goldman Sachs also maintained a Buy rating on the stock with a $135 price target.
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