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Wall Street Analysts Are Neutral on Top Consumer Goods Picks

Tipranks - Fri Jun 26, 6:12AM CDT

Analysts fell to the sidelines weighing in on Kraft Heinz (KHC) and Conagra Brands (CAG) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Kraft Heinz (KHC)

Piper Sandler analyst Michael Lavery maintained a Hold rating on Kraft Heinz today and set a price target of $24.00. The company’s shares closed last Wednesday at $22.94.

According to TipRanks.com, Lavery is a 4-star analyst with an average return of 4.1% and a 48.6% success rate. Lavery covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Constellation Brands, and The Hershey Company. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Kraft Heinz with a $22.29 average price target.

See the top stocks recommended by analysts >>

Conagra Brands (CAG)

In a report released today, Nik Modi from RBC Capital maintained a Hold rating on Conagra Brands, with a price target of $16.00. The company’s shares closed last Wednesday at $13.61.

According to TipRanks.com, Modi is a 1-star analyst with an average return of -1.5% and a 50.0% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Edgewell Personal Care. ;'>

Currently, the analyst consensus on Conagra Brands is a Hold with an average price target of $14.43, which is a 7.3% upside from current levels. In a report issued on June 16, TD Cowen also assigned a Hold rating to the stock with a $14.00 price target.

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