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Analysts Are Bullish on Top Consumer Goods Stocks: e.l.f. Beauty (ELF), Coca-Cola (KO)

Tipranks - Fri Feb 6, 3:30AM CST

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on e.l.f. Beauty (ELFResearch Report) and Coca-Cola (KOResearch Report) with bullish sentiments.

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e.l.f. Beauty (ELF)

William Blair analyst Jon Andersen reiterated a Buy rating on e.l.f. Beauty today. The company’s shares closed last Wednesday at $84.63, close to its 52-week low of $60.35.

According to TipRanks.com, Andersen is a 3-star analyst with an average return of 1.4% and a 52.4% success rate. Andersen covers the Consumer Goods sector, focusing on stocks such as J & J Snack Foods, Vita Coco Company, and Simply Good Foods. ;'>

e.l.f. Beauty has an analyst consensus of Strong Buy, with a price target consensus of $113.57, which is a 34.3% upside from current levels. In a report issued on January 23, Citi also initiated coverage with a Buy rating on the stock with a $110.00 price target.

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Coca-Cola (KO)

Jefferies analyst Kaumil Gajrawala maintained a Buy rating on Coca-Cola yesterday and set a price target of $88.00. The company’s shares closed last Wednesday at $77.35.

According to TipRanks.com, Gajrawala is a 3-star analyst with an average return of 1.3% and a 51.9% success rate. Gajrawala covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Vita Coco Company, and Colgate-Palmolive. ;'>

Coca-Cola has an analyst consensus of Strong Buy, with a price target consensus of $80.30, which is a 3.9% upside from current levels. In a report issued on January 20, Barclays also maintained a Buy rating on the stock with a $77.00 price target.

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