Analysts Are Bullish on Top Consumer Goods Stocks: New Oriental Education Tech (EDU), China Mengniu Dairy Co (CIADF)
There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on New Oriental Education Tech (EDU – Research Report) and China Mengniu Dairy Co (CIADF – Research Report) with bullish sentiments.
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New Oriental Education Tech (EDU)
J.P. Morgan analyst Ds Kim maintained a Buy rating on New Oriental Education Tech on January 29 and set a price target of $71.00. The company’s shares closed last Friday at $60.38.
According to TipRanks.com, Kim is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for New Oriental Education Tech with a $72.08 average price target, implying a 17.3% upside from current levels. In a report issued on January 28, HSBC also upgraded the stock to Buy with a $68.00 price target.
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China Mengniu Dairy Co (CIADF)
In a report issued on January 29, Kevin Yin from J.P. Morgan maintained a Buy rating on China Mengniu Dairy Co, with a price target of HK$20.00. The company’s shares closed last Monday at $1.88.
According to TipRanks.com, Yin is ranked #9801 out of 12040 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for China Mengniu Dairy Co with a $2.56 average price target.
