Analysts Offer Insights on Consumer Goods Companies: Celestica (NYSE: CLS), Triumph Group (NYSE: TGI) and Silicon Laboratories (NASDAQ: SLAB)

By Ryan Adsit

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Celestica (NYSE: CLS), Triumph Group (NYSE: TGI) and Silicon Laboratories (NASDAQ: SLAB).

Celestica (NYSE: CLS)

Canaccord Genuity analyst Robert Young reiterated a Buy rating on Celestica (NYSE: CLS) on July 26 and set a price target of $16. The company’s shares opened today at $12.36.

According to TipRanks.com, Young is ranked #217 out of 4160 analysts.

Celestica has an analyst consensus of Hold, with a price target consensus of $14.60.

Triumph Group (NYSE: TGI)

Canaccord Genuity analyst Kenneth Herbert reiterated a Hold rating on Triumph Group (NYSE: TGI) on July 26 and set a price target of $30. The company’s shares opened today at $24.85.

According to TipRanks.com, Herbert is a 2-star analyst with an average return of 3.0% and a 57.1% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.

Currently, the analyst consensus on Triumph Group is Moderate Buy and the average price target is $31.60, representing a 27.2% upside.

In a report issued on July 24, Jefferies also downgraded the stock to Hold with a $37 price target.
Silicon Laboratories (NASDAQ: SLAB)

Canaccord Genuity analyst Matt Ramsay reiterated a Buy rating on Silicon Laboratories (NASDAQ: SLAB) on July 26 and set a price target of $85. The company’s shares opened today at $75.95, close to its 52-week high of $79.15.

According to TipRanks.com, Ramsay is a 5-star analyst with an average return of 30.5% and a 94.4% success rate. Ramsay covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Advanced Micro Devices, and NXP Semiconductors.

Currently, the analyst consensus on Silicon Laboratories is Strong Buy and the average price target is $85.83, representing a 13.0% upside.

In a report issued on July 11, Stifel Nicolaus also reiterated a Buy rating on the stock with a $82 price target.

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