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Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Walmart (WMT) and Conagra Brands (CAG)

Tipranks - Tue Mar 31, 6:08AM CDT

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Walmart (WMT) and Conagra Brands (CAG).

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Walmart (WMT)

Morgan Stanley analyst Simeon Gutman maintained a Buy rating on Walmart today and set a price target of $135.00. The company’s shares closed last Friday at $122.89.

According to TipRanks.com, Gutman is a 4-star analyst with an average return of 2.9% and a 57.9% success rate. Gutman covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Academy Sports and Outdoors, and National Vision Holdings. ;'>

Currently, the analyst consensus on Walmart is a Strong Buy with an average price target of $138.92, implying a 13.8% upside from current levels. In a report issued on March 16, KeyBanc also maintained a Buy rating on the stock with a $145.00 price target.

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Conagra Brands (CAG)

RBC Capital analyst Nik Modi maintained a Hold rating on Conagra Brands today and set a price target of $20.00. The company’s shares closed last Friday at $15.62.

According to TipRanks.com, Modi has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -4.8% and a 43.3% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Mondelez International. ;'>

Conagra Brands has an analyst consensus of Hold, with a price target consensus of $17.89, implying a 17.2% upside from current levels. In a report issued on March 25, J.P. Morgan also maintained a Hold rating on the stock with a $17.00 price target.

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