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Analysts Offer Insights on Consumer Goods Companies: Freshpet (FRPT), Kellanova (K) and Monster Beverage (MNST)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Freshpet (FRPTResearch Report), Kellanova (KResearch Report) and Monster Beverage (MNSTResearch Report).

Freshpet (FRPT)

In a report released today, Marc Torrente from Wells Fargo maintained a Buy rating on Freshpet, with a price target of $175.00. The company’s shares closed last Monday at $150.57, close to its 52-week high of $154.67.

Torrente has an average return of 41.2% when recommending Freshpet.

According to TipRanks.com, Torrente is ranked #4078 out of 9137 analysts.

Currently, the analyst consensus on Freshpet is a Strong Buy with an average price target of $162.00, implying a 19.1% upside from current levels. In a report issued on October 21, Stifel Nicolaus also maintained a Buy rating on the stock with a $155.00 price target.

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Kellanova (K)

In a report issued on November 1, Nik Modi from RBC Capital maintained a Hold rating on Kellanova, with a price target of $83.50. The company’s shares closed last Monday at $80.60, close to its 52-week high of $81.26.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 7.3% and a 59.5% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Edgewell Personal Care, Mondelez International, and Constellation Brands.

Kellanova has an analyst consensus of Hold, with a price target consensus of $82.08, implying a 1.7% upside from current levels. In a report issued on November 1, Exane BNP Paribas also downgraded the stock to Hold with a $83.00 price target.

Monster Beverage (MNST)

Wells Fargo analyst Christopher Carey maintained a Buy rating on Monster Beverage today and set a price target of $60.00. The company’s shares closed last Monday at $54.06.

According to TipRanks.com, Carey is a 4-star analyst with an average return of 3.0% and a 49.2% success rate. Carey covers the Consumer Goods sector, focusing on stocks such as Edgewell Personal Care, Mondelez International, and Constellation Brands.

Currently, the analyst consensus on Monster Beverage is a Moderate Buy with an average price target of $54.41, which is a 4.1% upside from current levels. In a report issued on October 23, Evercore ISI also maintained a Buy rating on the stock with a $60.00 price target.

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