Analysts Conflicted on These Consumer Goods Names: Ribbon Communications Inc (NASDAQ: RBBN) and Advanced Energy Industries (NASDAQ: AEIS)

By Ryan Adsit

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Ribbon Communications Inc (NASDAQ:RBBN) and Advanced Energy Industries (NASDAQ:AEIS).

Ribbon Communications Inc (RBBN)

In a report released today, Dmitry Netis from William Blair maintained a Buy rating on Ribbon Communications Inc. The company’s shares opened today at $6.79.

Netis wrote:

“We believe the business is worth several multiple turns higher , and we continue to recommend the stock.”

According to TipRanks.com, Netis is a 4-star analyst with an average return of 9.3% and a 55.1% success rate. Netis covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Juniper Networks, and Viavi Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ribbon Communications Inc.

See today’s analyst top recommended stocks >>

Advanced Energy Industries (AEIS)

In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Advanced Energy Industries, with a price target of $70. The company’s shares opened today at $61.24, close to its 52-week low of $56.22.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 13.7% and a 54.5% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Applied Materials.

Advanced Energy Industries has an analyst consensus of Moderate Buy, with a price target consensus of $80.

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