Analysts Conflicted on These Consumer Goods Names: Cisco Systems (NASDAQ: CSCO) and Applied Materials (NASDAQ: AMAT)

By Jason Carr

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Cisco Systems (NASDAQ: CSCO) and Applied Materials (NASDAQ: AMAT).

Cisco Systems (NASDAQ: CSCO)

In a report released today, Patrick Newton from Stifel Nicolaus reiterated a Hold rating on Cisco Systems (NASDAQ: CSCO), with a price target of $46. The company’s shares closed yesterday at $42.09, close to its 52-week high of $42.98.

According to TipRanks.com, Newton is a 5-star analyst with an average return of 19.1% and a 54.8% success rate. Newton covers the Consumer Goods sector, focusing on stocks such as Electronics for Imaging, Keysight Technologies, and Ipg Photonics Corp.

Currently, the analyst consensus on Cisco Systems is Strong Buy and the average price target is $45.95, representing a 9.2% upside.

In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a $43 price target.
Applied Materials (NASDAQ: AMAT)

Stifel Nicolaus analyst Patrick Ho reiterated a Buy rating on Applied Materials (NASDAQ: AMAT) today and set a price target of $71. The company’s shares closed yesterday at $51.96.

According to TipRanks.com, Ho is a 4-star analyst with an average return of 16.7% and a 66.7% success rate. Ho covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Axcelis Technologies, and Rudolph Technologies.

Currently, the analyst consensus on Applied Materials is Strong Buy and the average price target is $69.82, representing a 34.4% upside.

In a report issued on January 31, Wells Fargo also maintained a Buy rating on the stock.

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