There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Coca-Cola (KO – Research Report), Anheuser-Busch Inbev Sa (BUD – Research Report) and Nomad Foods (NOMD – Research Report) with bullish sentiments.
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Coca-Cola (KO)
Barclays analyst Lauren Lieberman maintained a Buy rating on Coca-Cola today and set a price target of $66.00. The company’s shares closed last Thursday at $62.25.
According to TipRanks.com, Lieberman is a 3-star analyst with an average return of 1.7% and a 51.9% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, Edgewell Personal Care, and Constellation Brands.
Currently, the analyst consensus on Coca-Cola is a Strong Buy with an average price target of $72.08, implying a 17.4% upside from current levels. In a report issued on January 6, Piper Sandler also initiated coverage with a Buy rating on the stock with a $74.00 price target.
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Anheuser-Busch Inbev Sa (BUD)
In a report released yesterday, Robert Ottenstein from Evercore ISI assigned a Buy rating to Anheuser-Busch Inbev Sa, with a price target of $75.00. The company’s shares closed last Thursday at $47.12, close to its 52-week low of $45.94.
According to TipRanks.com, Ottenstein is a 1-star analyst with an average return of -1.7% and a 42.9% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, Constellation Brands, and Colgate-Palmolive.
Currently, the analyst consensus on Anheuser-Busch Inbev Sa is a Strong Buy with an average price target of $66.50, a 42.8% upside from current levels. In a report issued on January 15, Bernstein also maintained a Buy rating on the stock with a $73.00 price target.
Nomad Foods (NOMD)
In a report released today, Andrew Lazar from Barclays maintained a Buy rating on Nomad Foods, with a price target of $19.00. The company’s shares closed last Thursday at $16.89.
According to TipRanks.com, Lazar is a 4-star analyst with an average return of 4.1% and a 55.2% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nomad Foods with a $22.50 average price target, which is a 34.7% upside from current levels. In a report issued on January 15, Mizuho Securities also maintained a Buy rating on the stock with a $24.00 price target.
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