Analysts Offer Insights on Consumer Goods Companies: Columbia Sportswear (NASDAQ: COLM), Mohawk Industries (NYSE: MHK) and Raytheon (NYSE: RTN)

By Austin Angelo

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Columbia Sportswear (NASDAQ: COLM), Mohawk Industries (NYSE: MHK) and Raytheon (NYSE: RTN).

Columbia Sportswear (NASDAQ: COLM)

Stifel Nicolaus analyst Jim Duffy reiterated a Hold rating on Columbia Sportswear (NASDAQ: COLM) on July 28 and set a price target of $60. The company’s shares closed on Friday at $62.01, close to its 52-week high of $63.55.

According to TipRanks.com, Duffy is ranked 0 out of 5 stars with an average return of -10.6% and a 26.9% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, G-III Apparel Group, and Fox Factory Holding.

Currently, the analyst consensus on Columbia Sportswear is Hold and the average price target is $59.20, representing a -4.5% downside.

In a report issued on July 17, Buckingham also initiated coverage with a Hold rating on the stock with a $58 price target.
Mohawk Industries (NYSE: MHK)

Stifel Nicolaus analyst John Baugh reiterated a Buy rating on Mohawk Industries (NYSE: MHK) on July 28 and set a price target of $270. The company’s shares closed on Friday at $248.65, close to its 52-week high of $251.69.

According to TipRanks.com, Baugh is a 5-star analyst with an average return of 15.6% and a 64.2% success rate. Baugh covers the Consumer Goods sector, focusing on stocks such as Bassett Furniture Industries, Stanley Furniture Company, and Leggett & Platt Inc.

Currently, the analyst consensus on Mohawk Industries is Strong Buy and the average price target is $272.75, representing a 9.7% upside.

In a report issued on July 24, RBC Capital also reiterated a Buy rating on the stock with a $267 price target.
Raytheon (NYSE: RTN)

Stifel Nicolaus analyst Joseph DeNardi reiterated a Buy rating on Raytheon (NYSE: RTN) on July 27 and set a price target of $185. The company’s shares closed on Friday at $172.02, close to its 52-week high of $172.40.

According to TipRanks.com, DeNardi is a 4-star analyst with an average return of 13.7% and a 69.1% success rate. DeNardi covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and United Continental.

Currently, the analyst consensus on Raytheon is Strong Buy and the average price target is $185, representing a 7.5% upside.

In a report issued on July 17, Credit Suisse also maintained a Buy rating on the stock with a $175 price target.

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