Analysts Offer Insights on Consumer Goods Companies: Continental Aktiengesellschaft (Other OTC: CTTAF) and Stmicroelectronics NV (NYSE: STM)

By Jason Carr

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Continental Aktiengesellschaft (CTTAFResearch Report) and Stmicroelectronics NV (STMResearch Report) with bullish sentiments.

Continental Aktiengesellschaft (CTTAF)

In a report released yesterday, Kai Muller from Merrill Lynch maintained a Buy rating on Continental Aktiengesellschaft, with a price target of $155. The company’s shares opened today at $148, close to its 52-week low of $134.

According to TipRanks.com, Muller is a 1-star analyst with an average return of -11.7% and a 25.0% success rate. Muller covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Daimler.

Currently, the analyst consensus on Continental Aktiengesellschaft is a Hold with an average price target of $175.09, representing a 18.3% upside. In a report issued on May 9, Bernstein also maintained a Buy rating on the stock with a $210 price target.

See today’s analyst top recommended stocks >>

Stmicroelectronics NV (STM)

Credit Suisse analyst Achal Sultania maintained a Buy rating on Stmicroelectronics NV today and set a price target of $19. The company’s shares opened today at $17.35.

According to TipRanks.com, Sultania is ranked #4514 out of 5181 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stmicroelectronics NV with a $20.35 average price target, implying a 17.3% upside from current levels. In a report issued on May 10, Deutsche Bank also maintained a Buy rating on the stock with a $20 price target.

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