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Wall Street Analysts Are Bullish on Top Consumer Goods Picks

Tipranks - Thu Aug 6, 12:38PM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Procter & Gamble (PG) and e.l.f. Beauty (ELF) with bullish sentiments.

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Procter & Gamble (PG)

In a report released today, Peter Galbo from Bank of America Securities maintained a Buy rating on Procter & Gamble. The company’s shares closed last Wednesday at $146.23.

According to TipRanks.com, Galbo is a 3-star analyst with an average return of 2.6% and a 55.6% success rate. Galbo covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Constellation Brands, and Lamb Weston Holdings. ;'>

Procter & Gamble has an analyst consensus of Moderate Buy, with a price target consensus of $159.44, a 7.8% upside from current levels. In a report issued on July 30, Citi also maintained a Buy rating on the stock with a $170.00 price target.

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e.l.f. Beauty (ELF)

In a report released yesterday, Susan Anderson from Canaccord Genuity maintained a Buy rating on e.l.f. Beauty, with a price target of $97.00. The company’s shares closed last Wednesday at $89.40.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 17.4% and a 46.8% success rate. Anderson covers the NA sector, focusing on stocks such as Peloton Interactive, Sally Beauty, and Ulta Beauty. ;'>

e.l.f. Beauty has an analyst consensus of Moderate Buy, with a price target consensus of $82.60, a -7.0% downside from current levels. In a report issued on July 28, TipRanks – xAI also upgraded the stock to Buy with a $92.00 price target.

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