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Analysts Offer Insights on Consumer Goods Companies: Mondelez International (MDLZ) and Coca-Cola (KO)

Tipranks - Tue Mar 24, 6:14AM CDT

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Mondelez International (MDLZ) and Coca-Cola (KO).

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Mondelez International (MDLZ)

Piper Sandler analyst Michael Lavery maintained a Hold rating on Mondelez International today and set a price target of $64.00. The company’s shares closed last Friday at $56.21, close to its 52-week low of $53.95.

According to TipRanks.com, Lavery is a 4-star analyst with an average return of 4.7% and a 49.6% success rate. Lavery covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, The Hershey Company, and Colgate-Palmolive. ;'>

Mondelez International has an analyst consensus of Moderate Buy, with a price target consensus of $67.13.

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Coca-Cola (KO)

Morgan Stanley analyst Dara Mohsenian reiterated a Buy rating on Coca-Cola today and set a price target of $87.00. The company’s shares closed last Friday at $74.75.

According to TipRanks.com, Mohsenian is a 5-star analyst with an average return of 7.4% and a 62.1% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Edgewell Personal Care, and Colgate-Palmolive. ;'>

Currently, the analyst consensus on Coca-Cola is a Strong Buy with an average price target of $85.07, which is a 12.6% upside from current levels. In a report issued on March 11, Bank of America Securities also maintained a Buy rating on the stock with a $88.00 price target.

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