Wall Street Analysts Are Neutral on Top Consumer Goods Picks


Analysts fell to the sidelines weighing in on Sleep Number Corporation (SNBR) and PepsiCo (PEP) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Sleep Number Corporation (SNBR)

Barclays analyst Matthew McClintock maintained a Hold rating on Sleep Number Corporation today and set a price target of $38. The company’s shares opened today at $39.16.

According to TipRanks.com, McClintock is a 4-star analyst with an average return of 7.0% and a 57.3% success rate. McClintock covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Advance Auto Parts, and Bed Bath & Beyond.

Sleep Number Corporation has an analyst consensus of Hold, with a price target consensus of $38.67.

See today’s analyst top recommended stocks >>

PepsiCo (PEP)

In a report released today, Nik Modi from RBC Capital maintained a Hold rating on PepsiCo, with a price target of $115. The company’s shares opened today at $127.09, close to its 52-week high of $128.26.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 8.0% and a 68.1% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Monster Beverage Corp, and Procter & Gamble.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PepsiCo with a $128.55 average price target, a 1.1% upside from current levels. In a report released today, Goldman Sachs also upgraded the stock to Hold with a $132 price target.

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