Analysts Offer Insights on Consumer Goods Companies: Kla-Tencor Corp (NASDAQ: KLAC), Kraft Heinz (NASDAQ: KHC) and Raytheon (NYSE: RTN)

By Carrie Williams

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Kla-Tencor Corp (NASDAQ: KLAC), Kraft Heinz (NASDAQ: KHC) and Raytheon (NYSE: RTN) with bullish sentiments.

Kla-Tencor Corp (NASDAQ: KLAC)

In a report issued on July 28, Farhan Ahmad from Credit Suisse maintained a Buy rating on Kla-Tencor Corp (NASDAQ: KLAC), with a price target of $115. The company’s shares closed on Friday at $94.40.

According to TipRanks.com, Ahmad is a 2-star analyst with an average return of 17.1% and a 100.0% success rate. Ahmad covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Rudolph Technologies, and Applied Materials.

Currently, the analyst consensus on Kla-Tencor Corp is Strong Buy and the average price target is $118.33, representing a 25.3% upside.

In a report issued on July 28, B. Riley also reiterated a Buy rating on the stock with a $120 price target.
Kraft Heinz (NASDAQ: KHC)

In a report issued on July 28, Robert Moskow from Credit Suisse maintained a Buy rating on Kraft Heinz (NASDAQ: KHC), with a price target of $100. The company’s shares closed on Friday at $87.64.

According to TipRanks.com, Moskow is a 2-star analyst with an average return of 5.5% and a 60.0% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Amplify Snack Brands.

Kraft Heinz has an analyst consensus of Moderate Buy, with a price target consensus of $95.20.

Raytheon (NYSE: RTN)

Credit Suisse analyst Robert Spingarn maintained a Buy rating on Raytheon (NYSE: RTN) on July 28 and set a price target of $187. The company’s shares closed on Friday at $172.02, close to its 52-week high of $172.40.

According to TipRanks.com, Spingarn is a 4-star analyst with an average return of 14.6% and a 70.8% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Lockheed Martin Corp, and Transdigm Group Inc.

Currently, the analyst consensus on Raytheon is Strong Buy and the average price target is $187.40, representing an 8.9% upside.

In a report issued on July 17, Cowen & Co. also reiterated a Buy rating on the stock with a $182 price target.

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