Analysts’ Top Consumer Goods Picks: ERIC, EXFO

By Carrie Williams

Analysts fell to the sidelines weighing in on Ericsson (NASDAQ: ERIC) and Exfo Inc (NASDAQ: EXFO) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Ericsson (NASDAQ: ERIC)

Canaccord Genuity analyst Michael Walkley reiterated a Hold rating on Ericsson (NASDAQ: ERIC) today and set a price target of $7. The company’s shares opened today at $7.17.

According to TipRanks.com, Walkley is a top 25 analyst with an average return of 22.2% and a 66.8% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Digi International Inc, and Powerwave Technologies.

Ericsson has an analyst consensus of Hold, with a price target consensus of $6.47.

Exfo Inc (NASDAQ: EXFO)

In a report released today, Robert Young from Canaccord Genuity reiterated a Hold rating on Exfo Inc (NASDAQ: EXFO), with a price target of $5. The company’s shares opened today at $4.65.

According to TipRanks.com, Young is ranked #155 out of 4600 analysts.

Exfo Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.50.

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