There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Nestlé SA (NSRGF) and Electronic Arts (EA) with bullish sentiments.
Nestlé SA (NSRGF)
In a report issued on July 26, James Targett from Berenberg Bank maintained a Buy rating on Nestlé SA, with a price target of $115. The company’s shares opened today at $106.66, close to its 52-week high of $107.12.
Targett has an average return of 14.5% when recommending Nestlé SA.
According to TipRanks.com, Targett is ranked #4815 out of 5253 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nestlé SA with a $115.89 average price target, implying an 8.7% upside from current levels. In a report issued on July 29, UBS also maintained a Buy rating on the stock with a $117 price target.
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Electronic Arts (EA)
In a report released today, Robert Berg from Berenberg Bank maintained a Buy rating on Electronic Arts, with a price target of $110. The company’s shares opened today at $94.
According to TipRanks.com, Berg is a 4-star analyst with an average return of 13.8% and a 55.6% success rate. Berg covers the Services sector, focusing on stocks such as Eutelsat Communications, Mediaset España, and Just Eat Plc.
Currently, the analyst consensus on Electronic Arts is a Moderate Buy with an average price target of $111.77, which is a 18.9% upside from current levels. In a report issued on July 16, Stephens also reiterated a Buy rating on the stock with a $120 price target.
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