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 Plantronics (PLT) and Fabrinet (FN) with bullish sentiments.

Plantronics (PLT)

Northland Securities analyst Michael Latimore maintained a Buy rating on Plantronics today and set a price target of $70.00. The company’s shares closed last Monday at $37.70.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 7.6% and a 49.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Plantronics with a $63.00 average price target, a 64.4% upside from current levels. In a report issued on September 19, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $58.00 price target.

See today’s analyst top recommended stocks >>

Fabrinet (FN)

In a report released today, Tim Savageaux from Northland Securities upgraded Fabrinet to Buy, with a price target of $57.00. The company’s shares closed last Monday at $51.62.

According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 4.3% and a 53.6% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Applied Optoelectronics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fabrinet with a $60.33 average price target.

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