Wall Street Analysts Are Bullish on Top Consumer Goods Picks
There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on MGP Ingredients (MGPI – Research Report) and Honest Company (HNST – Research Report) with bullish sentiments.
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MGP Ingredients (MGPI)
Truist Financial analyst Bill Chappell maintained a Buy rating on MGP Ingredients today. The company’s shares closed last Wednesday at $32.22, close to its 52-week low of $31.31.
According to TipRanks.com, Chappell is a 3-star analyst with an average return of 2.4% and a 51.5% success rate. Chappell covers the Consumer Goods sector, focusing on stocks such as Edgewell Personal Care, Constellation Brands, and Central Garden Pet.
Currently, the analyst consensus on MGP Ingredients is a Moderate Buy with an average price target of $48.50, representing a 54.1% upside. In a report issued on February 20, Roth MKM also maintained a Buy rating on the stock with a $60.00 price target.
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Honest Company (HNST)
In a report released today, Aaron Grey from Alliance Global Partners maintained a Buy rating on Honest Company, with a price target of $8.00. The company’s shares closed last Wednesday at $5.68.
According to TipRanks.com, Grey has 0 stars on 0-5 stars ranking scale with an average return of -20.7% and a 26.5% success rate. Grey covers the Healthcare sector, focusing on stocks such as Cannabist Company Holdings, OrganiGram Holdings, and Trulieve Cannabis.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Honest Company with a $7.70 average price target.
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