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Analysts Offer Insights on Consumer Goods Companies: Coles Group (OtherCLEGF) and Target (TGT)

Tipranks - Thu Apr 16, 7:35AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Coles Group (CLEGF) and Target (TGT) with bullish sentiments.

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Coles Group (CLEGF)

Jefferies analyst Michael Simotas maintained a Buy rating on Coles Group today and set a price target of A$25.50. The company’s shares closed last Monday at $16.00.

Simotas has an average return of 9.5% when recommending Coles Group. ;'>

According to TipRanks.com, Simotas is ranked #11609 out of 12179 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Coles Group with a $16.46 average price target, a 2.9% upside from current levels. In a report issued on April 1, Morgan Stanley also maintained a Buy rating on the stock with a A$24.00 price target.

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Target (TGT)

In a report released today, Simeon Gutman from Morgan Stanley maintained a Buy rating on Target, with a price target of $145.00. The company’s shares closed last Tuesday at $119.53.

According to TipRanks.com, Gutman is a 4-star analyst with an average return of 3.2% and a 58.7% success rate. Gutman covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Academy Sports and Outdoors, and National Vision Holdings. ;'>

Target has an analyst consensus of Moderate Buy, with a price target consensus of $127.26, an 8.0% upside from current levels. In a report issued on April 7, Jefferies also maintained a Buy rating on the stock with a $140.00 price target.

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