Analysts’ Top Consumer Goods Picks: LyondellBasell (LYB), Synaptics (SYNA)

By Carrie Williams

Analysts are pulling back from the Consumer Goods sector as 2 experts expressed today bearish sentiments on LyondellBasell (LYBResearch Report) and Synaptics (SYNAResearch Report).

LyondellBasell (LYB)

J.P. Morgan analyst Jeffrey Zekauskas maintained a Sell rating on LyondellBasell today and set a price target of $84.00. The company’s shares closed last Monday at $94.91, close to its 52-week high of $98.91.

According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of 2.9% and a 61.8% success rate. Zekauskas covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Axalta Coating Systems, and Albemarle.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LyondellBasell with a $98.92 average price target.

See today’s analyst top recommended stocks >>

Synaptics (SYNA)

In a report released today, Paul Coster from J.P. Morgan maintained a Sell rating on Synaptics, with a price target of $40.00. The company’s shares closed last Monday at $58.90, close to its 52-week high of $62.10.

According to TipRanks.com, Coster has currently no stars on a ranking scale of 0-5 stars, with an average return of -2.3% and a 43.6% success rate. Coster covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Dell Technologies, and Diebold Nixdorf.

Currently, the analyst consensus on Synaptics is a Hold with an average price target of $47.17.

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