Analysts Conflicted on These Consumer Goods Names: Fortive Corp (NYSE: FTV) and Tower Semiconductor (NASDAQ: TSEM)

By Jason Carr

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Fortive Corp (NYSE:FTV) and Tower Semiconductor (NASDAQ:TSEM).

Fortive Corp (FTV)

Morgan Stanley analyst Sawyer Rice maintained a Hold rating on Fortive Corp today and set a price target of $84. The company’s shares opened today at $72.20, close to its 52-week low of $69.03.

According to TipRanks.com, Rice is ranked #4078 out of 4873 analysts.

Currently, the analyst consensus on Fortive Corp is a Moderate Buy with an average price target of $88.20.

See today’s analyst top recommended stocks >>

Tower Semiconductor (TSEM)

Jefferies analyst Mark Lipacis maintained a Buy rating on Tower Semiconductor today and set a price target of $24. The company’s shares opened today at $14.04, close to its 52-week low of $13.87.

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 25.7% and a 68.4% success rate. Lipacis covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Lattice Semicon, and Orbotech Ltd.

Tower Semiconductor has an analyst consensus of Strong Buy, with a price target consensus of $25.40, implying an 80.9% upside from current levels. In a report issued on October 22, Needham also maintained a Buy rating on the stock with a $28 price target.

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