Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Wolverine World Wide (NYSE: WWW) and IMPINJ Inc (NASDAQ: PI)

By Ryan Adsit

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Wolverine World Wide (NYSE: WWW) and IMPINJ Inc (NASDAQ: PI).

Wolverine World Wide (NYSE: WWW)

In a report released yesterday, Erinn Murphy from Piper Jaffray reiterated a Hold rating on Wolverine World Wide (NYSE: WWW), with a price target of $24. The company’s shares opened today at $26.52, close to its 52-week high of $27.08.

According to TipRanks.com, Murphy is ranked 0 out of 5 stars with an average return of -5.8% and a 45.3% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, G-III Apparel Group, and Ralph Lauren Corp.

Wolverine World Wide has an analyst consensus of Moderate Buy, with a price target consensus of $29.

IMPINJ Inc (NASDAQ: PI)

Canaccord Genuity analyst Michael Walkley reiterated a Buy rating on IMPINJ Inc (NASDAQ: PI) on June 7 and set a price target of $57. The company’s shares opened today at $49.50, close to its 52-week high of $49.80.

According to TipRanks.com, Walkley is a top 25 analyst with an average return of 23.3% and a 67.2% success rate. Walkley covers the Technology sector, focusing on stocks such as Sequans Communications S A, Digi International Inc, and Powerwave Technologies.

Currently, the analyst consensus on IMPINJ Inc is Strong Buy and the average price target is $49, representing a -1.0% downside.

In a report issued on May 25, RBC Capital also reiterated a Buy rating on the stock with a $50 price target.

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