There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Moog Inc (NYSE:MOG.A) and Kraft Heinz (NASDAQ:KHC) with bullish sentiments.
Moog Inc (MOG.A)
Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Moog Inc today and set a price target of $110. The company’s shares closed yesterday at $74.84.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.2% and a 66.7% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Moog Inc with a $110 average price target.
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Kraft Heinz (KHC)
In a report released today, Bryan Spillane from Merrill Lynch maintained a Buy rating on Kraft Heinz, with a price target of $83. The company’s shares closed yesterday at $56.20, close to its 52-week low of $53.03.
According to TipRanks.com, Spillane is a 3-star analyst with an average return of 5.1% and a 53.0% success rate. Spillane covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, JM Smucker, and Coca-Cola.
Kraft Heinz has an analyst consensus of Moderate Buy, with a price target consensus of $64.80, implying a 15.3% upside from current levels. In a report released today, Piper Jaffray also maintained a Buy rating on the stock with a $62 price target.
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