Wall Street Analysts Are Bullish on Top Consumer Goods Picks


There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Lumentum Holdings (LITE) and Westport Fuel Systems Inc (WPRT) with bullish sentiments.

Lumentum Holdings (LITE)

In a report released today, Jun Zhang from Rosenblatt Securities maintained a Buy rating on Lumentum Holdings, with a price target of $80. The company’s shares closed yesterday at $60.64.

Zhang commented:

“We expect ROADMs to grow as new capacity comes online and we see ROADM demand continuing its strength in 2020 as China expands their ROADM deployment and the North American market upgrades to high end M*N ROADM solutions.”

According to TipRanks.com, Zhang is a 3-star analyst with an average return of 4.4% and a 57.7% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Synaptics Inc, and NeoPhotonics.

Lumentum Holdings has an analyst consensus of Strong Buy, with a price target consensus of $68.30, implying a 12.6% upside from current levels. In a report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $71.25 price target.

See today’s analyst top recommended stocks >>

Westport Fuel Systems Inc (WPRT)

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Westport Fuel Systems Inc today and set a price target of $6. The company’s shares closed yesterday at $2.99.

According to TipRanks.com, Dayal is a 4-star analyst with an average return of 4.3% and a 45.1% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Advanced Emissions Solutions, Inc., Ballard Power Systems, and Orion Energy Systems.

Currently, the analyst consensus on Westport Fuel Systems Inc is a Moderate Buy with an average price target of $4.50.

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