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Wall Street Analysts Are Bullish on Top Consumer Goods Picks

Tipranks - Wed Mar 25, 7:36AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on The Estée Lauder Companies (EL) and Constellation Brands (STZ) with bullish sentiments.

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The Estée Lauder Companies (EL)

In a report released yesterday, Maurice Choy from RBC Capital maintained a Buy rating on The Estée Lauder Companies, with a price target of $113.00. The company’s shares closed last Monday at $79.29.

According to TipRanks.com, Choy is a 5-star analyst with an average return of 17.5% and a 81.0% success rate. Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, TransAlta, and Fortis. ;'>

Currently, the analyst consensus on The Estée Lauder Companies is a Moderate Buy with an average price target of $112.81, representing a 28.7% upside. In a report issued on March 13, Evercore ISI also maintained a Buy rating on the stock with a $125.00 price target.

See the top stocks recommended by analysts >>

Constellation Brands (STZ)

Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating on Constellation Brands today and set a price target of $180.00. The company’s shares closed last Monday at $152.46.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 5.2% and a 55.8% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Colgate-Palmolive. ;'>

Currently, the analyst consensus on Constellation Brands is a Moderate Buy with an average price target of $169.77, representing a 12.5% upside. In a report issued on March 18, Citi also upgraded the stock to Buy with a $175.00 price target.

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