Analysts Offer Insights on Consumer Goods Companies: Archer Daniels Midland (ADM) and Dollar Tree (DLTR)
Analysts are pulling back from the Consumer Goods sector as 2 experts expressed today bearish sentiments on Archer Daniels Midland (ADM – Research Report) and Dollar Tree (DLTR – Research Report).
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Archer Daniels Midland (ADM)
Morgan Stanley analyst Steven Haynes maintained a Sell rating on Archer Daniels Midland on January 6 and set a price target of $50.00. The company’s shares closed last Friday at $61.94.
According to TipRanks.com, Haynes is ranked #7269 out of 10398 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Archer Daniels Midland with a $56.80 average price target, implying a -8.0% downside from current levels. In a report issued on January 8, Bank of America Securities also maintained a Sell rating on the stock with a $57.00 price target.
See the top stocks recommended by analysts >>
Dollar Tree (DLTR)
In a report issued on January 9, Kate McShane from Goldman Sachs reiterated a Sell rating on Dollar Tree. The company’s shares closed last Friday at $132.38, close to its 52-week high of $137.14.
According to TipRanks.com, McShane is a 4-star analyst with an average return of
Dollar Tree has an analyst consensus of Moderate Buy, with a price target consensus of $126.00.
