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Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Sysco (SYY), Kraft Heinz (KHC) and Chegg (CHGG)

Tipranks - Tipranks - Fri May 8, 6:04AM CDT

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Sysco (SYY), Kraft Heinz (KHC) and Chegg (CHGG).

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Sysco (SYY)

Guggenheim analyst John Heinbockel reiterated a Buy rating on Sysco today and set a price target of $90.00. The company’s shares closed last Wednesday at $73.33.

According to TipRanks.com, Heinbockel is a 4-star analyst with an average return of 9.0% and a 55.7% success rate. Heinbockel covers the Consumer Goods sector, focusing on stocks such as United Natural Foods, US Foods Holding, and Kroger Company. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sysco with a $85.75 average price target, representing a 16.4% upside. In a report issued on April 24, Bank of America Securities also maintained a Buy rating on the stock with a $91.00 price target.

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Kraft Heinz (KHC)

In a report released today, Zheng Feng Chee from DBS maintained a Hold rating on Kraft Heinz, with a price target of $23.00. The company’s shares closed last Wednesday at $23.07.

According to TipRanks.com, Chee is a 2-star analyst with an average return of 0.0% and a 60.6% success rate. Chee covers the Consumer Goods sector, focusing on stocks such as Thai Beverage Public Co, Mondelez International, and Coca-Cola. ;'>

Kraft Heinz has an analyst consensus of Hold, with a price target consensus of $22.25, which is a -4.0% downside from current levels. In a report issued on May 1, Bernstein also maintained a Hold rating on the stock.

Chegg (CHGG)

Needham analyst Ryan MacDonald reiterated a Hold rating on Chegg today. The company’s shares closed last Wednesday at $1.16, close to its 52-week low of $0.62.

According to TipRanks.com, MacDonald ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -11.0% and a 35.5% success rate. MacDonald covers the Technology sector, focusing on stocks such as ODDITY Tech Ltd. Class A, Waystar Holding Corp., and Liveperson. ;'>

Chegg has an analyst consensus of Moderate Sell.

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