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Analysts Offer Insights on Consumer Goods Companies: PepsiCo (PEP) and Turning Point Brands (TPB)

Tipranks - Thu Feb 5, 9:54AM CST

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on PepsiCo (PEPResearch Report) and Turning Point Brands (TPBResearch Report) with bullish sentiments.

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PepsiCo (PEP)

In a report released yesterday, Bonnie Herzog from Goldman Sachs reiterated a Buy rating on PepsiCo, with a price target of $167.00. The company’s shares closed last Wednesday at $164.43.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 5.1% and a 56.0% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, Constellation Brands, and Vita Coco Company. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PepsiCo with a $170.20 average price target, a 3.2% upside from current levels. In a report released today, Exane BNP Paribas also maintained a Buy rating on the stock with a $191.00 price target.

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Turning Point Brands (TPB)

In a report released today, Aaron Spychalla from Craig-Hallum maintained a Buy rating on Turning Point Brands. The company’s shares closed last Wednesday at $127.79.

According to TipRanks.com, Spychalla is a 5-star analyst with an average return of 24.6% and a 63.9% success rate. Spychalla covers the Industrial Goods sector, focusing on stocks such as Babcock & Wilcox Company, Bowman Consulting Group, and Thermon Group Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Turning Point Brands with a $120.00 average price target, implying a -6.3% downside from current levels. In a report issued on January 20, TipRanks – Anthropic also reiterated a Buy rating on the stock with a $131.00 price target.

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