There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Ashland Inc (NYSE:ASH) and Hostess Brands Inc (NASDAQ:TWNK) with bullish sentiments.
Ashland Inc (ASH)
Seaport Global analyst Michael Harrison reiterated a Buy rating on Ashland Inc yesterday and set a price target of $100. The company’s shares closed yesterday at $85.88, close to its 52-week high of $86.58.
According to TipRanks.com, Harrison is a 4-star analyst with an average return of 14.5% and a 76.2% success rate. Harrison covers the Consumer Goods sector, focusing on stocks such as Cabot Microelectronics Corporation, Air Products and Chemicals, and Axalta Coating Systems.
Currently, the analyst consensus on Ashland Inc is a Strong Buy with an average price target of $95.50, which is an 11.2% upside from current levels. In a report issued on August 1, BMO Capital also reiterated a Buy rating on the stock with a $95 price target.
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Hostess Brands Inc (TWNK)
Stephens analyst Farha Aslam reiterated a Buy rating on Hostess Brands Inc yesterday and set a price target of $15. The company’s shares closed yesterday at $11.49, close to its 52-week low of $11.
According to TipRanks.com, Aslam is a 4-star analyst with an average return of 11.9% and a 63.6% success rate. Aslam covers the Consumer Goods sector, focusing on stocks such as Green Plains Inc, Pilgrim’s Pride, and Sanderson Farms.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hostess Brands Inc with a $14 average price target.
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