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Wall Street Analysts Are Bullish on Top Consumer Goods Picks

Tipranks - Tue Mar 10, 8:34AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Mondelez International (MDLZResearch Report) and Costco (COSTResearch Report) with bullish sentiments.

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Mondelez International (MDLZ)

In a report released today, Matthew Smith, CFA from Stifel Nicolaus maintained a Buy rating on Mondelez International, with a price target of $68.00. The company’s shares closed last Friday at $58.40.

According to TipRanks.com, CFA is a 3-star analyst with an average return of 1.8% and a 47.3% success rate. CFA covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, The Hershey Company, and McCormick & Company. ;'>

Currently, the analyst consensus on Mondelez International is a Moderate Buy with an average price target of $66.88.

See today’s best-performing stocks on TipRanks >>

Costco (COST)

Evercore ISI analyst Greg Melich maintained a Buy rating on Costco today and set a price target of $1100.00. The company’s shares closed last Friday at $998.10.

According to TipRanks.com, Melich is a 5-star analyst with an average return of 10.2% and a 62.8% success rate. Melich covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Floor & Decor Holdings, and Genuine Parts Company. ;'>

Currently, the analyst consensus on Costco is a Moderate Buy with an average price target of $1086.81, implying a 12.4% upside from current levels. In a report issued on February 27, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $1185.00 price target.

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