Analysts Offer Insights on Consumer Goods Companies: Westlake Chemical Corp (WLK) and Kraft Heinz (KHC)


Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Westlake Chemical Corp (NYSE:WLK) and Kraft Heinz (NASDAQ:KHC).

Westlake Chemical Corp (WLK)

RBC Capital analyst Arun Viswanathan reiterated a Hold rating on Westlake Chemical Corp today and set a price target of $108. The company’s shares opened today at $98.74.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 9.3% and a 61.6% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Venator Materials Plc.

Currently, the analyst consensus on Westlake Chemical Corp is a Moderate Buy with an average price target of $126.63, representing a 28.2% upside. In a report issued on August 2, BMO Capital also reiterated a Hold rating on the stock with a $111 price target.

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See today’s analyst top recommended stocks >>

Kraft Heinz (KHC)

RBC Capital analyst David Palmer reiterated a Buy rating on Kraft Heinz today and set a price target of $73. The company’s shares opened today at $63.85.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 10.0% and a 69.2% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Pinnacle Foods, and Hain Celestial.

Currently, the analyst consensus on Kraft Heinz is a Moderate Buy with an average price target of $71, implying an 11.2% upside from current levels. In a report issued on August 3, Barclays also maintained a Buy rating on the stock with a $70 price target.

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