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Analysts Offer Insights on Consumer Goods Companies: Philip Morris (PM) and Pilgrim’s Pride (PPC)

Tipranks - Wed Jun 10, 1:16AM CDT

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

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Philip Morris (PM)

Barclays analyst Pallav Mittal maintained a Buy rating on Philip Morris today and set a price target of $205.00. The company’s shares closed last Monday at $176.06.

Mittal has an average return of 9.1% when recommending Philip Morris. ;'>

According to TipRanks.com, Mittal is ranked #6668 out of 12287 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Philip Morris with a $197.43 average price target, implying a 10.7% upside from current levels. In a report issued on June 2, Bank of America Securities also reiterated a Buy rating on the stock with a $209.00 price target.

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Pilgrim’s Pride (PPC)

Barclays analyst Benjamin Theurer maintained a Buy rating on Pilgrim’s Pride today and set a price target of $42.00. The company’s shares closed last Monday at $29.18.

According to TipRanks.com, Theurer is a 4-star analyst with an average return of 5.0% and a 51.9% 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 $38.17 average price target.

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