There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Urban Outfitters (URBN) and Callaway Golf (ELY) with bullish sentiments.
Urban Outfitters (URBN)
Jefferies analyst Janie Stichter maintained a Buy rating on Urban Outfitters yesterday and set a price target of $46.00. The company’s shares closed last Monday at $38.15, close to its 52-week high of $41.95.
According to TipRanks.com, Stichter is a 4-star analyst with an average return of 25.0% and a 63.8% success rate. Stichter covers the Consumer Goods sector, focusing on stocks such as Burlington Stores, Deckers Outdoor, and American Eagle.
Currently, the analyst consensus on Urban Outfitters is a Hold with an average price target of $37.42, implying a -1.9% downside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $47.00 price target.
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Callaway Golf (ELY)
In a report released today, Randal Konik from Jefferies maintained a Buy rating on Callaway Golf, with a price target of $40.00. The company’s shares closed last Monday at $28.00.
According to TipRanks.com, Konik is a 5-star analyst with an average return of 13.6% and a 66.1% success rate. Konik covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Grocery Outlet Holding, and Floor & Decor Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Callaway Golf with a $34.00 average price target, which is a 21.4% upside from current levels. In a report issued on April 7, Roth Capital also maintained a Buy rating on the stock with a $34.00 price target.
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