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Wall Street Analysts Are Neutral on Top Consumer Goods Picks

Tipranks - Tipranks - Fri Aug 7, 3:51AM CDT

Analysts fell to the sidelines weighing in on Ocado Group (OCDGF) and Kenvue, Inc. (KVUE) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Ocado Group (OCDGF)

UBS analyst Sreedhar Mahamkali maintained a Hold rating on Ocado Group today and set a price target of p230.00. The company’s shares closed last Monday at $2.89, close to its 52-week low of $2.83.

Mahamkali has an average return of 50.4% when recommending Ocado Group. ;'>

According to TipRanks.com, Mahamkali is ranked #6030 out of 12430 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Ocado Group with a $2.72 average price target, implying a -5.7% downside from current levels. In a report issued on July 23, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a p195.00 price target.

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Kenvue, Inc. (KVUE)

In a report released today, Lauren Lieberman from Barclays maintained a Hold rating on Kenvue, Inc., with a price target of $19.00. The company’s shares closed last Wednesday at $19.67.

According to TipRanks.com, Lieberman is a 4-star analyst with an average return of 4.0% and a 56.7% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and ODDITY Tech Ltd. Class A. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Kenvue, Inc. with a $19.40 average price target, which is a -0.7% downside from current levels. In a report issued on July 29, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $21.50 price target.

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