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Analysts’ Top Consumer Goods Picks: Diageo (DGEAF), Anheuser-Busch Inbev Sa (BUD)

Tipranks - Thu Apr 2, 7:30AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Diageo (DGEAF) and Anheuser-Busch Inbev Sa (BUD) with bullish sentiments.

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Diageo (DGEAF)

In a report released today, Ed Mundy from Jefferies maintained a Buy rating on Diageo, with a price target of £20.00. The company’s shares closed last Tuesday at $18.81.

Mundy has an average return of 1.1% when recommending Diageo. ;'>

According to TipRanks.com, Mundy is ranked #7945 out of 12128 analysts.

Currently, the analyst consensus on Diageo is a Moderate Buy with an average price target of $25.81, implying a 38.5% upside from current levels. In a report released yesterday, Deutsche Bank also upgraded the stock to Buy with a £16.50 price target.

See Insiders’ Hot Stocks on TipRanks >>

Anheuser-Busch Inbev Sa (BUD)

In a report released today, Robert Ottenstein from Evercore ISI maintained a Buy rating on Anheuser-Busch Inbev Sa, with a price target of $100.00. The company’s shares closed last Tuesday at $69.37.

According to TipRanks.com, Ottenstein is a 3-star analyst with an average return of 2.2% and a 51.9% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Constellation Brands. ;'>

Anheuser-Busch Inbev Sa has an analyst consensus of Strong Buy, with a price target consensus of $98.21, a 41.6% upside from current levels. In a report issued on March 19, TipRanks – xAI also upgraded the stock to Buy with a $78.00 price target.

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