There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on e.l.f. Beauty (ELF) and Vista Outdoor (VSTO) with bullish sentiments.
e.l.f. Beauty (ELF)
In a report released today, Dara Mohsenian from Morgan Stanley maintained a Buy rating on e.l.f. Beauty, with a price target of $27.00. The company’s shares closed last Thursday at $23.10, close to its 52-week high of $26.19.
According to TipRanks.com, Mohsenian is a 3-star analyst with an average return of 4.2% and a 62.4% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Edgewell Personal Care, and Constellation Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for e.l.f. Beauty with a $26.00 average price target, representing a 16.9% upside. In a report released today, D.A. Davidson also maintained a Buy rating on the stock with a $27.00 price target.
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Vista Outdoor (VSTO)
Aegis Capital analyst Rommel Dionisio maintained a Buy rating on Vista Outdoor today and set a price target of $40.00. The company’s shares closed last Thursday at $32.76.
Dionisio has an average return of 63.0% when recommending Vista Outdoor.
According to TipRanks.com, Dionisio is ranked #819 out of 7271 analysts.
Currently, the analyst consensus on Vista Outdoor is a Strong Buy with an average price target of $35.22, implying an 11.3% upside from current levels. In a report issued on January 21, Wedbush also initiated coverage with a Buy rating on the stock with a $36.00 price target.
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