Analysts Offer Insights on Consumer Goods Companies: Cisco Systems Inc (NASDAQ: CSCO) and Albemarle Corp (NYSE: ALB)

By Austin Angelo

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Cisco Systems Inc (CSCOResearch Report) and Albemarle Corp (ALBResearch Report).

Cisco Systems Inc (CSCO)

In a report released today, Sami Badri from Credit Suisse maintained a Hold rating on Cisco Systems Inc, with a price target of $50. The company’s shares closed last Monday at $50.61.

According to TipRanks.com, Badri is a 2-star analyst with an average return of -0.5% and a 45.6% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, CommScope Holding, and Arista Networks.

Cisco Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $57.35, representing a 10.0% upside. In a report issued on August 7, Barclays also resumed coverage with a Hold rating on the stock with a $52 price target.

See today’s analyst top recommended stocks >>

Albemarle Corp (ALB)

In a report released today, Vincent Andrews from Morgan Stanley maintained a Sell rating on Albemarle Corp, with a price target of $60. The company’s shares closed last Monday at $64.29, close to its 52-week low of $63.10.

According to TipRanks.com, Andrews is a 2-star analyst with an average return of 0.0% and a 65.9% success rate. Andrews covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and DuPont de Nemours, Inc.

Albemarle Corp has an analyst consensus of Moderate Buy, with a price target consensus of $87.42, a 31.5% upside from current levels. In a report released yesterday, Vertical Group also maintained a Sell rating on the stock with a $39.80 price target.

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