Analysts Offer Insights on Consumer Goods Companies: Archer Daniels Midland (ADM) and PepsiCo (PEP)
Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Archer Daniels Midland (ADM – Research Report) and PepsiCo (PEP – Research Report).
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Archer Daniels Midland (ADM)
In a report released yesterday, Steven Haynes from Morgan Stanley maintained a Sell rating on Archer Daniels Midland, with a price target of $50.00. The company’s shares closed last Tuesday at $67.39.
According to TipRanks.com, Haynes is ranked #8199 out of 12040 analysts.
Archer Daniels Midland has an analyst consensus of Moderate Sell, with a price target consensus of $57.00, a -8.7% downside from current levels. In a report issued on January 21, J.P. Morgan also maintained a Sell rating on the stock with a $60.00 price target.
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PepsiCo (PEP)
In a report released yesterday, Dara Mohsenian from Morgan Stanley reiterated a Hold rating on PepsiCo, with a price target of $180.00. The company’s shares closed last Tuesday at $162.85.
According to TipRanks.com, Mohsenian is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PepsiCo with a $163.14 average price target, implying a 4.2% upside from current levels. In a report issued on January 20, Barclays also maintained a Hold rating on the stock with a $148.00 price target.
