There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Molson Coors (TAP), TreeHouse Foods (THS) and Huntington Ingalls (HII) with bullish sentiments.
Molson Coors (TAP)
Citigroup analyst Wendy Nicholson maintained a Buy rating on Molson Coors today and set a price target of $69. The company’s shares closed yesterday at $59.68.
According to TipRanks.com, Nicholson is a 3-star analyst with an average return of 2.2% and a 61.3% success rate. Nicholson covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Colgate-Palmolive.
Currently, the analyst consensus on Molson Coors is a Hold with an average price target of $68.40, representing a 14.6% upside. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $80 price target.
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TreeHouse Foods (THS)
Jefferies analyst Akshay Jagdale maintained a Buy rating on TreeHouse Foods today and set a price target of $60. The company’s shares closed yesterday at $59.93, close to its 52-week high of $60.58.
Jagdale commented:
“4Q EBIT was better than JEF/Street and likely much better than feared (implied significant sequential improvement). 2019 guidance was also maintained but 1Q19 guidance was set well below expectations, implying heavier 2H delivery than expected.”
According to TipRanks.com, Jagdale is a 3-star analyst with an average return of 1.2% and a 49.6% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and Conagra Brands Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TreeHouse Foods with a $54.43 average price target.
Huntington Ingalls (HII)
In a report released today, Gautam Khanna from Cowen & Co. maintained a Buy rating on Huntington Ingalls, with a price target of $260. The company’s shares closed yesterday at $215.99.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 11.5% and a 72.0% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Vista Outdoor, and Harris.
Huntington Ingalls has an analyst consensus of Hold, with a price target consensus of $235.
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