Analysts’ Top Consumer Goods Picks: GES, CIEN

By Ryan Adsit

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Guess (NYSE: GES) and Ciena Corp (NYSE: CIEN) with bullish sentiments.

Guess (NYSE: GES)

In a report released today, Eric Beder from FBR Capital maintained a Buy rating on Guess (NYSE: GES), with a price target of $17. The company’s shares opened today at $14.63.

According to TipRanks.com, Beder is ranked 0 out of 5 stars with an average return of -6.3% and a 36.7% success rate. Beder covers the Services sector, focusing on stocks such as Signet Jewelers Limited, American Apparel Inc, and Barnes & Noble Inc.

Guess has an analyst consensus of Moderate Buy, with a price target consensus of $13.33.

Ciena Corp (NYSE: CIEN)

In a report released today, Simon Leopold from Raymond James maintained a Buy rating on Ciena Corp (NYSE: CIEN), with a price target of $34. The company’s shares opened today at $24.24.

According to TipRanks.com, Leopold is a 5-star analyst with an average return of 10.3% and a 61.0% success rate. Leopold covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Applied Optoelectronics, and CommScope Holding.

Currently, the analyst consensus on Ciena Corp is Strong Buy and the average price target is $32.28, representing a 33.2% upside.

In a report issued on August 17, Cowen & Co. also reiterated a Buy rating on the stock with a $36 price target.

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