Analysts Offer Insights on Consumer Goods Companies: Philip Morris (PM) and Constellation Brands (STZ)

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

Easter Sale - 70% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Philip Morris (PM)

Stifel Nicolaus analyst Matthew Smith, CFA maintained a Buy rating on Philip Morris today and set a price target of $195.00. The company’s shares closed last Thursday at $161.25.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.8% and a 46.7% success rate. CFA covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company. ;'>

Currently, the analyst consensus on Philip Morris is a Moderate Buy with an average price target of $197.41, implying a 23.9% upside from current levels. In a report issued on April 1, Goldman Sachs also reiterated a Buy rating on the stock with a $205.00 price target.

See the top stocks recommended by analysts >>

Constellation Brands (STZ)

In a report released today, Nik Modi from RBC Capital maintained a Buy rating on Constellation Brands, with a price target of $185.00. The company’s shares closed last Thursday at $163.07, close to its 52-week low of $160.46.

According to TipRanks.com, Modi is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.8% and a 43.3% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Mondelez International. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Constellation Brands with a $174.76 average price target, which is a 15.7% upside from current levels. In a report released today, TipRanks – xAI also upgraded the stock to Buy with a $180.00 price target.

Read More on PM:

Disclaimer & DisclosureReport an Issue

• Nicotine pouch fast-track scheme slowed in U.S., Reuters reports
• Philip Morris call volume above normal and directionally bullish
• Philip Morris U.S. businesses to launch new Business Solutions Center
• The Week That Was, The Week Ahead: Macro and Markets, Mar. 15
• Philip Morris unveils new segment structure and metrics