Analysts Are Bullish on These Consumer Goods Stocks: Fortive Corp (FTV), Trinseo (TSE)

By Ryan Adsit

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Fortive Corp (FTVResearch Report) and Trinseo (TSEResearch Report) with bullish sentiments.

Fortive Corp (FTV)

Barclays analyst Julian Mitchell maintained a Buy rating on Fortive Corp today and set a price target of $88. The company’s shares opened today at $86.28, close to its 52-week high of $88.34.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 11.9% and a 73.9% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, United Technologies Corp, and Rockwell Automation Inc.

Fortive Corp has an analyst consensus of Moderate Buy, with a price target consensus of $86.50.

See today’s analyst top recommended stocks >>

Trinseo (TSE)

In a report released today, David Begleiter from Deutsche Bank maintained a Buy rating on Trinseo, with a price target of $55. The company’s shares opened today at $48, close to its 52-week low of $42.10.

According to TipRanks.com, Begleiter is a top 100 analyst with an average return of 16.5% and a 73.0% success rate. Begleiter covers the Consumer Goods sector, focusing on stocks such as Axalta Coating Systems, Kronos Worldwide Inc, and Cabot Corporation.

Trinseo has an analyst consensus of Strong Buy, with a price target consensus of $55.33.

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