There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Coca-Cola European Partners (CCEP) and Adidas (ADDYY) with bullish sentiments.
Coca-Cola European Partners (CCEP)
Kepler Capital analyst Richard Withagen maintained a Buy rating on Coca-Cola European Partners yesterday and set a price target of EUR44.00. The company’s shares closed last Thursday at $40.61.
According to TipRanks.com, Withagen ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -9.3% and a 40.2% success rate. Withagen covers the Consumer Goods sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Britvic, and Diageo.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coca-Cola European Partners with a $48.25 average price target, which is a 22.6% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a EUR50.00 price target.
See today’s analyst top recommended stocks >>
Adidas (ADDYY)
Kepler Capital analyst Jurgen Kolb maintained a Buy rating on Adidas yesterday and set a price target of EUR270.00. The company’s shares closed last Thursday at $146.41.
Kolb has an average return of 25.9% when recommending Adidas.
According to TipRanks.com, Kolb is ranked #779 out of 6876 analysts.
Currently, the analyst consensus on Adidas is a Strong Buy with an average price target of $314.71.
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