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Wall Street Analysts Are Bullish on Top Consumer Goods Picks

Tipranks - Sat Aug 1, 9:58AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Loblaw Companies (LBLCF) and Kimberly Clark (KMB) with bullish sentiments.

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Loblaw Companies (LBLCF)

RBC Capital analyst Irene Nattel reiterated a Buy rating on Loblaw Companies yesterday and set a price target of C$72.00. The company’s shares closed last Friday at $46.59.

Nattel has an average return of 22.9% when recommending Loblaw Companies. ;'>

According to TipRanks.com, Nattel is ranked #170 out of 12407 analysts.

Currently, the analyst consensus on Loblaw Companies is a Strong Buy with an average price target of $49.94, implying a 7.2% upside from current levels. In a report issued on July 20, BMO Capital also upgraded the stock to Buy with a C$70.00 price target.

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Kimberly Clark (KMB)

In a report released today, Nik Modi from RBC Capital maintained a Buy rating on Kimberly Clark, with a price target of $162.00. The company’s shares closed last Friday at $109.24.

According to TipRanks.com, Modi is a 2-star analyst with an average return of 0.6% and a 51.2% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Edgewell Personal Care. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kimberly Clark with a $118.29 average price target, an 8.6% upside from current levels. In a report issued on July 16, TipRanks – PerPlexity also upgraded the stock to Buy with a $118.00 price target.

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