There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Deckers Outdoor (DECK) and Foot Locker (FL) with bullish sentiments.
Deckers Outdoor (DECK)
Merrill Lynch analyst Rafe Jadrosich reiterated a Buy rating on Deckers Outdoor today and set a price target of $425.00. The company’s shares closed last Thursday at $311.22.
Jadrosich has an average return of 33.3% when recommending Deckers Outdoor.
According to TipRanks.com, Jadrosich is ranked #774 out of 7525 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Deckers Outdoor with a $422.57 average price target, which is a 35.8% upside from current levels. In a report issued on May 17, Pivotal Research also reiterated a Buy rating on the stock with a $390.00 price target.
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Foot Locker (FL)
In a report released today, Brian McNamara from Berenberg Bank maintained a Buy rating on Foot Locker, with a price target of $67.00. The company’s shares closed last Thursday at $59.70.
According to TipRanks.com, McNamara is a 4-star analyst with an average return of 17.6% and a 80.8% success rate. McNamara covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Burlington Stores, and Casey’s General.
Currently, the analyst consensus on Foot Locker is a Moderate Buy with an average price target of $64.87, representing an 8.7% upside. In a report issued on May 6, Citigroup also maintained a Buy rating on the stock with a $72.00 price target.
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