There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Royal Ahold Delhaize (ADRNY) and Nestlé SA (NSRGF) with bullish sentiments.
Royal Ahold Delhaize (ADRNY)
In a report issued on December 14, Fabienne Caron from Kepler Capital upgraded Royal Ahold Delhaize to Buy, with a price target of EUR27.70. The company’s shares closed last Tuesday at $28.44.
Caron has an average return of 13.6% when recommending Royal Ahold Delhaize.
According to TipRanks.com, Caron is ranked #2268 out of 7146 analysts.
Royal Ahold Delhaize has an analyst consensus of Moderate Buy, with a price target consensus of $32.02.
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Nestlé SA (NSRGF)
Kepler Capital analyst Jon Cox maintained a Buy rating on Nestlé SA on December 14 and set a price target of CHF120.00. The company’s shares closed last Tuesday at $112.61.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -0.7% and a 49.4% success rate. Cox covers the Consumer Goods sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Hermes International, and Royal Ahold Delhaize.
Nestlé SA has an analyst consensus of Strong Buy, with a price target consensus of $133.41, which is a 19.1% upside from current levels. In a report issued on December 2, J.P. Morgan also maintained a Buy rating on the stock with a CHF125.00 price target.
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