Analysts Offer Insights on Consumer Goods Companies: Sleep Number Corporation (NASDAQ: SNBR) and Ceva (NASDAQ: CEVA)

By Jason Carr

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Sleep Number Corporation (SNBRResearch Report) and Ceva (CEVAResearch Report).

Sleep Number Corporation (SNBR)

In a report released yesterday, Matthew McClintock from Barclays maintained a Hold rating on Sleep Number Corporation, with a price target of $38. The company’s shares closed yesterday at $41.13, close to its 52-week high of $42.90.

According to TipRanks.com, McClintock is a 4-star analyst with an average return of 7.3% and a 57.3% success rate. McClintock covers the Services sector, focusing on stocks such as Advance Auto Parts, Foot Locker Inc, and Williams-Sonoma.

The word on The Street in general, suggests a Hold analyst consensus rating for Sleep Number Corporation with a $38 average price target, representing a -7.6% downside. In a report released yesterday, SunTrust Robinson also maintained a Hold rating on the stock with a $35 price target.

See today’s analyst top recommended stocks >>

Ceva (CEVA)

Barclays analyst Tavy Rosner maintained a Buy rating on Ceva yesterday and set a price target of $33. The company’s shares closed yesterday at $27.66.

According to TipRanks.com, Rosner is ranked #1833 out of 5167 analysts.

Ceva has an analyst consensus of Moderate Buy, with a price target consensus of $31, which is a 12.1% upside from current levels. In a report issued on February 13, Canaccord Genuity also maintained a Buy rating on the stock with a $35 price target.

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