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Analysts Offer Insights on Consumer Goods Companies: Primo Brands (PRMB) and Beyond Meat (BYND)

Tipranks - Tipranks - Fri May 8, 4:28AM CDT

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Primo Brands (PRMB) and Beyond Meat (BYND).

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Primo Brands (PRMB)

In a report released today, Lauren Lieberman from Barclays maintained a Buy rating on Primo Brands, with a price target of $24.00. The company’s shares closed last Wednesday at $19.80.

According to TipRanks.com, Lieberman is a 4-star analyst with an average return of 4.0% and a 55.9% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Edgewell Personal Care. ;'>

Currently, the analyst consensus on Primo Brands is a Strong Buy with an average price target of $26.50, representing a 28.6% upside. In a report issued on May 1, TipRanks – Google also upgraded the stock to Buy with a $22.50 price target.

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Beyond Meat (BYND)

Barclays analyst Benjamin Theurer maintained a Sell rating on Beyond Meat today and set a price target of $0.50. The company’s shares closed last Wednesday at $1.04.

According to TipRanks.com, Theurer is a 4-star analyst with an average return of 5.5% and a 53.8% success rate. Theurer covers the Consumer Goods sector, focusing on stocks such as Grupo Comercial Chedraui SAB de CV, Kimberly-Clark de Mexico SAB de CV, and Wal-Mart de Mexico SAB de CV. ;'>

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Beyond Meat with a $0.66 average price target, a -29.0% downside from current levels. In a report issued on April 25, TipRanks – Google also downgraded the stock to Sell with a $0.83 price target.

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