There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Mondelez International (MDLZ – Research Report) and Freshpet (FRPT – Research Report) with bullish sentiments.
Mondelez International (MDLZ)
In a report released yesterday, Kenneth Goldman from J.P. Morgan maintained a Buy rating on Mondelez International, with a price target of $71.00. The company’s shares closed last Wednesday at $67.57, close to its 52-week high of $69.47.
According to TipRanks.com, Goldman is a 5-star analyst with an average return of 9.3% and a 60.6% success rate. Goldman covers the Consumer Goods sector, focusing on stocks such as Albertsons Companies, The Hershey Company, and McCormick & Company.
Currently, the analyst consensus on Mondelez International is a Strong Buy with an average price target of $72.77, implying a 7.7% upside from current levels. In a report issued on January 3, Wells Fargo also initiated coverage with a Buy rating on the stock with a $75.00 price target.
In a report released yesterday, Anoori Naughton from J.P. Morgan maintained a Buy rating on Freshpet, with a price target of $74.00. The company’s shares closed last Wednesday at $59.84.
According to TipRanks.com, Naughton is ranked #6766 out of 8244 analysts.
Freshpet has an analyst consensus of Strong Buy, with a price target consensus of $79.00, representing a 33.8% upside. In a report issued on January 6, Cowen & Co. also maintained a Buy rating on the stock with a $80.00 price target.
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