There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Philip Morris (PM – Research Report) and Albertsons Companies (ACI – Research Report) with bullish sentiments.
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Philip Morris (PM)
Morgan Stanley analyst Eric Serotta maintained a Buy rating on Philip Morris today and set a price target of $182.00. The company’s shares closed last Wednesday at $168.11.
According to TipRanks.com, Serotta is a 1-star analyst with an average return of -8.0% and a 54.2% success rate. Serotta covers the Consumer Goods sector, focusing on stocks such as Vita Coco Company, Celsius Holdings, and Brown-Forman B.
Philip Morris has an analyst consensus of Strong Buy, with a price target consensus of $165.75, implying a -1.9% downside from current levels. In a report issued on April 9, Barclays also maintained a Buy rating on the stock with a $175.00 price target.
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Albertsons Companies (ACI)
In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Albertsons Companies, with a price target of $28.00. The company’s shares closed last Wednesday at $22.41.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 12.5% and a 58.2% success rate. Feinseth covers the NA sector, focusing on stocks such as Norwegian Cruise Line, Travel + Leisure Co, and Royal Caribbean.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Albertsons Companies with a $23.30 average price target, implying a 3.8% upside from current levels. In a report issued on April 11, Telsey Advisory also maintained a Buy rating on the stock with a $26.00 price target.
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