There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Conagra Brands (CAG – Research Report) and PepsiCo (PEP – Research Report) with bullish sentiments.
Conagra Brands (CAG)
In a report issued on July 14, Andrew Lazar from Barclays maintained a Buy rating on Conagra Brands, with a price target of $39.00. The company’s shares closed last Thursday at $34.68.
According to TipRanks.com, Lazar is a 4-star analyst with an average return of
Conagra Brands has an analyst consensus of Moderate Buy, with a price target consensus of $37.22, representing a 10.2% upside. In a report issued on July 9, Evercore ISI also maintained a Buy rating on the stock with a $40.00 price target.
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PepsiCo (PEP)
In a report issued on July 14, Lauren Lieberman from Barclays maintained a Buy rating on PepsiCo, with a price target of $165.00. The company’s shares closed last Thursday at $155.25.
According to TipRanks.com, Lieberman is a 2-star analyst with an average return of
Currently, the analyst consensus on PepsiCo is a Moderate Buy with an average price target of $165.31, which is a 7.3% upside from current levels. In a report issued on June 29, Morgan Stanley also maintained a Buy rating on the stock with a $165.00 price target.
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