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Analysts Are Bullish on These Consumer Goods Stocks: Walmart (WMT), Kroger Company (KR)

Tipranks - Tipranks - Sat May 23, 4:28AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Walmart (WMT) and Kroger Company (KR) with bullish sentiments.

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Walmart (WMT)

In a report released yesterday, Christopher Nardone from Bank of America Securities reiterated a Buy rating on Walmart, with a price target of $144.00. The company’s shares closed last Thursday at $121.34.

According to TipRanks.com, Nardone is a 4-star analyst with an average return of 13.0% and a 55.6% success rate. Nardone covers the NA sector, focusing on stocks such as Floor & Decor Holdings, Tractor Supply, and Home Depot. ;'>

Currently, the analyst consensus on Walmart is a Strong Buy with an average price target of $141.90, implying a 14.1% upside from current levels. In a report issued on May 6, BTIG also maintained a Buy rating on the stock with a $145.00 price target.

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Kroger Company (KR)

In a report released yesterday, Robert Ohmes from Bank of America Securities maintained a Buy rating on Kroger Company, with a price target of $85.00. The company’s shares closed last Thursday at $67.07, close to its 52-week high of $68.51.

According to TipRanks.com, Ohmes is a 4-star analyst with an average return of 6.1% and a 54.9% success rate. Ohmes covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings. ;'>

Kroger Company has an analyst consensus of Moderate Buy, with a price target consensus of $76.31, a 16.9% upside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to Buy with a $76.00 price target.

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