Analysts Offer Insights on Consumer Goods Companies: MKS Instruments (NASDAQ: MKSI), Cirrus Logic (NASDAQ: CRUS) and Cree (NASDAQ: CREE)

By Jason Carr

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on MKS Instruments (MKSIResearch Report), Cirrus Logic (CRUSResearch Report) and Cree (CREEResearch Report).

MKS Instruments (MKSI)

Cowen & Co. analyst Krish Sankar maintained a Buy rating on MKS Instruments on January 30 and set a price target of $100. The company’s shares closed on Friday at $84.10.

According to TipRanks.com, Sankar is a 4-star analyst with an average return of 6.2% and a 51.1% success rate. Sankar covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Kla-Tencor Corp, and Lam Research.

MKS Instruments has an analyst consensus of Strong Buy, with a price target consensus of $99.33, representing a 18.1% upside. In a report issued on January 29, Stifel Nicolaus also maintained a Buy rating on the stock with a $106 price target.

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Cirrus Logic (CRUS)

In a report issued on January 30, Matt Ramsay from Cowen & Co. maintained a Hold rating on Cirrus Logic, with a price target of $38. The company’s shares closed on Friday at $37.46.

According to TipRanks.com, Ramsay is a top 100 analyst with an average return of 22.7% and a 62.6% success rate. Ramsay covers the Consumer Goods sector, focusing on stocks such as Broadcom, Nvidia, and Xilinx.

Currently, the analyst consensus on Cirrus Logic is a Hold with an average price target of $37.50, representing a 0.1% upside. In a report issued on January 31, Craig-Hallum also downgraded the stock to Hold with a $38 price target.

Cree (CREE)

In a report issued on January 31, Jeff Osborne from Cowen & Co. maintained a Hold rating on Cree, with a price target of $45. The company’s shares closed on Friday at $50.50, close to its 52-week high of $52.76.

According to TipRanks.com, Osborne is ranked 0 out of 5 stars with an average return of -2.9% and a 41.3% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as TPI Composites Inc, Fuelcell Energy, and Workhorse Group.

Cree has an analyst consensus of Moderate Buy, with a price target consensus of $49.83, which is a -1.3% downside from current levels. In a report issued on January 29, JMP Securities also downgraded the stock to Hold with a $46 price target.

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