There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Group 1 Automotive (GPI) and Walmart (WMT) with bullish sentiments.
Group 1 Automotive (GPI)
Morgan Stanley analyst Adam Jonas maintained a Buy rating on Group 1 Automotive today and set a price target of $185.00. The company’s shares closed last Monday at $151.34, close to its 52-week high of $162.65.
According to TipRanks.com, Jonas is a 4-star analyst with an average return of 12.8% and a 56.0% success rate. Jonas covers the Consumer Goods sector, focusing on stocks such as Penske Automotive Group, Sonic Automotive, and Lordstown Motors.
Currently, the analyst consensus on Group 1 Automotive is a Moderate Buy with an average price target of $172.50.
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In a report released today, Simeon Gutman from Morgan Stanley maintained a Buy rating on Walmart, with a price target of $154.00. The company’s shares closed last Monday at $136.43.
According to TipRanks.com, Gutman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -5.8% and a 58.2% success rate. Gutman covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, National Vision Holdings, and Floor & Decor Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $162.47 average price target, representing a 18.0% upside. In a report issued on February 11, Deutsche Bank also maintained a Buy rating on the stock with a $170.00 price target.
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