Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on VF Corp (NYSE:VFC) and Hershey Co (NYSE:HSY).
VF Corp (VFC)
Credit Suisse analyst Michael Binetti maintained a Buy rating on VF Corp yesterday and set a price target of $105. The company’s shares closed yesterday at $91.21, close to its 52-week high of $97.
According to TipRanks.com, Binetti is a 4-star analyst with an average return of 13.2% and a 60.0% success rate. Binetti covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Foot Locker Inc, and TJX Companies.
VF Corp has an analyst consensus of Strong Buy, with a price target consensus of $101.33, implying an 11.1% upside from current levels. In a report issued on September 12, Guggenheim also maintained a Buy rating on the stock with a $105 price target.
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Hershey Co (HSY)
In a report released yesterday, Robert Moskow from Credit Suisse maintained a Sell rating on Hershey Co, with a price target of $85. The company’s shares closed yesterday at $106.60.
According to TipRanks.com, Moskow is a 3-star analyst with an average return of 1.9% and a 49.2% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Pinnacle Foods, and Campbell Soup.
Currently, the analyst consensus on Hershey Co is a Hold with an average price target of $98.
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