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Analysts Offer Insights on Consumer Goods Companies: Pilgrim’s Pride (PPC) and Newell Brands (NWL)

Tipranks - Sat May 2, 2:52AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Pilgrim’s Pride (PPC) and Newell Brands (NWL) with bullish sentiments.

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Pilgrim’s Pride (PPC)

Pilgrim’s Pride received a Buy rating and a $42.00 price target from Barclays analyst Benjamin Theurer today. The company’s shares closed last Thursday at $33.10.

According to TipRanks.com, Theurer is a 4-star analyst with an average return of 5.4% and a 53.2% success rate. Theurer covers the Consumer Goods sector, focusing on stocks such as Grupo Comercial Chedraui SAB de CV, Kimberly-Clark de Mexico SAB de CV, and Wal-Mart de Mexico SAB de CV. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Pilgrim’s Pride with a $40.20 average price target, representing a 29.1% upside. In a report issued on April 16, TipRanks – xAI also upgraded the stock to Buy with a $39.00 price target.

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Newell Brands (NWL)

Barclays analyst Lauren Lieberman maintained a Buy rating on Newell Brands today and set a price target of $5.00. The company’s shares closed last Thursday at $4.08.

According to TipRanks.com, Lieberman is a 4-star analyst with an average return of 3.5% and a 54.7% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Edgewell Personal Care. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newell Brands with a $4.68 average price target, a 18.8% upside from current levels. In a report issued on April 16, Canaccord Genuity also assigned a Buy rating to the stock with a $9.00 price target.

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