Analysts Offer Insights on Consumer Goods Companies: Lumentum Holdings (NASDAQ: LITE) and Sherwin-Williams Company (NYSE: SHW)

By Ryan Adsit

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Lumentum Holdings (NASDAQ: LITE) and Sherwin-Williams Company (NYSE: SHW) with bullish sentiments.

Lumentum Holdings (NASDAQ: LITE)

Rosenblatt Securities analyst Jun Zhang assigned a Buy rating to Lumentum Holdings (NASDAQ: LITE) today and set a price target of $75. The company’s shares opened today at $55.80.

According to TipRanks.com, Zhang is ranked 0 out of 5 stars with an average return of -11.0% and a 36.0% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Himax Technologies, Viavi Solutions, and Synaptics Inc.

Currently, the analyst consensus on Lumentum Holdings is Strong Buy and the average price target is $67.67, representing a 21.3% upside.

In a report issued on September 27, MKM Partners also upgraded the stock to Buy with a $66 price target.
Sherwin-Williams Company (NYSE: SHW)

In a report released today, Arun Viswanathan from RBC Capital assigned a Buy rating to Sherwin-Williams Company (NYSE: SHW), with a price target of $423. The company’s shares opened today at $375, close to its 52-week high of $377.24.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 15.2% and a 77.1% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Axalta Coating Systems, and Graphic Packaging.

Currently, the analyst consensus on Sherwin-Williams Company is Moderate Buy and the average price target is $412.57, representing a 10.0% upside.

In a report issued on September 29, Robert W. Baird also reiterated a Buy rating on the stock with a $375 price target.

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