This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Wall Street Analysts Are Bullish on Top Consumer Goods Picks

Tipranks - Thu Aug 6, 7:02AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Turning Point Brands (TPB), Kimberly Clark (KMB) and BellRing Brands (BRBR) with bullish sentiments.

Claim 55% Off TipRanks

Turning Point Brands (TPB)

Needham analyst Gerald Pascarelli reiterated a Buy rating on Turning Point Brands today and set a price target of $125.00. The company’s shares closed last Tuesday at $82.48.

According to TipRanks.com, Pascarelli is ranked 0 out of 5 stars with an average return of -4.9% and a 34.6% success rate. Pascarelli covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Vita Coco Company, and Celsius Holdings. ;'>

Currently, the analyst consensus on Turning Point Brands is a Strong Buy with an average price target of $119.60, representing a 39.1% upside. In a report issued on July 22, BTIG also initiated coverage with a Buy rating on the stock with a $103.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Kimberly Clark (KMB)

RBC Capital analyst Nik Modi maintained a Buy rating on Kimberly Clark today and set a price target of $162.00. The company’s shares closed last Tuesday at $111.57.

According to TipRanks.com, Modi is a 3-star analyst with an average return of 1.1% and a 52.2% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Edgewell Personal Care. ;'>

Kimberly Clark has an analyst consensus of Moderate Buy, with a price target consensus of $117.60, representing a 7.7% upside. In a report issued on July 23, TipRanks – PerPlexity also upgraded the stock to Buy with a $119.00 price target.

BellRing Brands (BRBR)

In a report released today, Jim Salera from Stephens maintained a Buy rating on BellRing Brands, with a price target of $18.00. The company’s shares closed last Tuesday at $12.75.

According to TipRanks.com, Salera ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -10.9% and a 36.4% success rate. Salera covers the Consumer Goods sector, focusing on stocks such as The Hershey Company, Marzetti Company, and Hain Celestial. ;'>

Currently, the analyst consensus on BellRing Brands is a Moderate Buy with an average price target of $14.68, which is a 39.1% upside from current levels. In a report issued on July 22, Stifel Nicolaus also maintained a Buy rating on the stock with a $15.00 price target.

Read More on TPB:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.