Analysts Offer Insights on Consumer Goods Companies: Marvell (NASDAQ: MRVL), Boeing (NYSE: BA) and Knowles Corp (NYSE: KN)

By Carrie Williams

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Marvell (NASDAQ: MRVL), Boeing (NYSE: BA) and Knowles Corp (NYSE: KN).

Marvell (NASDAQ: MRVL)

In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Marvell (NASDAQ: MRVL), with a price target of $25. The company’s shares opened today at $17.82, close to its 52-week high of $18.18.

According to TipRanks.com, Rolland is a 4-star analyst with an average return of 8.1% and a 61.2% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as International Rectifier, Advanced Micro Devices, and Integrated Device Tech.

Marvell has an analyst consensus of Strong Buy, with a price target consensus of $20.88.

Boeing (NYSE: BA)

Canaccord Genuity analyst Kenneth Herbert maintained a Hold rating on Boeing (NYSE: BA) today and set a price target of $215. The company’s shares opened today at $241.93, close to its 52-week high of $246.49.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 10.3% and a 56.9% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.

Currently, the analyst consensus on Boeing is Moderate Buy and the average price target is $262.54, representing an 8.5% upside.

In a report issued on September 1, RBC Capital also reiterated a Hold rating on the stock with a $235 price target.
Knowles Corp (NYSE: KN)

Roth Capital analyst Sujeeva De Silva maintained a Buy rating on Knowles Corp (NYSE: KN) today and set a price target of $20. The company’s shares opened today at $14.94.

De Silva observed:

“We believe KN represents a differentiated investment opportunity in audio sensor and voice processing products. With our model reflecting for a more back-end loaded 2017 ramp, our 2H17/2018 forecast leaves room for upside in our view. We believe recent headwinds relating to hearing health and legacy acquired intelligent audio products are abating, providing a stable revenue base under which KN can now grow with overall microphone growth.”

According to TipRanks.com, Silva is a top 100 analyst with an average return of 20.9% and a 68.3% success rate. Silva covers the Consumer Goods sector, focusing on stocks such as Semiconductor Manufacturing, Smart Global Holdings Inc, and Adesto Technologies Corp.

Knowles Corp has an analyst consensus of Moderate Buy, with a price target consensus of $20.

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