Analysts’ Top Consumer Goods Picks: AMAT, INTC

By Jason Carr

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Applied Materials (NASDAQ: AMAT) and Intel Corp (NASDAQ: INTC) with bullish sentiments.

Applied Materials (NASDAQ: AMAT)

Credit Suisse analyst Farhan Ahmad reiterated a Buy rating on Applied Materials (NASDAQ: AMAT) today and set a price target of $75. The company’s shares opened today at $57.52, close to its 52-week high of $60.89.

According to TipRanks.com, Ahmad is a 5-star analyst with an average return of 30.4% and a 84.2% success rate. Ahmad covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Rudolph Technologies, and Brooks Automation.

Currently, the analyst consensus on Applied Materials is Strong Buy and the average price target is $72.14, representing a 25.4% upside.

In a report issued on February 12, B.Riley FBR also assigned a Buy rating to the stock with a $71 price target.
Intel Corp (NASDAQ: INTC)

In a report released today, Romit Shah from Nomura reiterated a Buy rating on Intel Corp (NASDAQ: INTC), with a price target of $60. The company’s shares opened today at $48.20, close to its 52-week high of $50.85.

According to TipRanks.com, Shah is a 5-star analyst with an average return of 17.8% and a 65.4% success rate. Shah covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Applied Materials.

Currently, the analyst consensus on Intel Corp is Moderate Buy and the average price target is $51.75, representing a 7.4% upside.

In a report released today, Robert W. Baird also reiterated a Buy rating on the stock with a $60 price target.

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