There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on KB Home (KBH) and Bed Bath & Beyond (BBBY) with bullish sentiments.
KB Home (KBH)
Raymond James analyst Buck Horne maintained a Buy rating on KB Home today and set a price target of $48.00. The company’s shares closed last Tuesday at $40.50, close to its 52-week high of $40.51.
According to TipRanks.com, Horne is a 4-star analyst with an average return of 6.8% and a 60.7% success rate. Horne covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Investors Real Estate ate, and NexPoint Residential.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for KB Home with a $40.57 average price target, which is a 4.5% upside from current levels. In a report issued on September 16, Evercore ISI also upgraded the stock to Buy.
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Bed Bath & Beyond (BBBY)
Raymond James analyst Bobby Griffin reiterated a Buy rating on Bed Bath & Beyond today and set a price target of $16.00. The company’s shares closed last Tuesday at $13.91.
According to TipRanks.com, Griffin is a 5-star analyst with an average return of 23.4% and a 68.1% success rate. Griffin covers the Consumer Goods sector, focusing on stocks such as Alimentation Couche Tard, Casey’s General, and Leggett & Platt.
Bed Bath & Beyond has an analyst consensus of Hold, with a price target consensus of $10.08, a -19.0% downside from current levels. In a report issued on September 10, Wedbush also maintained a Buy rating on the stock with a $18.00 price target.
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