February 8, 2023

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 Tapestry (TPR – Research Report) and CVS Health (CVS – Research Report) with bullish sentiments.

Tapestry (TPR)

In a report released today, Rick Patel from Raymond James reiterated a Buy rating on Tapestry. The company’s shares closed last Wednesday at $43.03.

According to TipRanks.com, Patel is a 5-star analyst with an average return of 18.9% and a 50.9% success rate. Patel covers the Consumer Goods sector, focusing on stocks such as Brilliant Earth Group, Lululemon Athletica, and Capri Holdings.

Currently, the analyst consensus on Tapestry is a Moderate Buy with an average price target of $44.92, implying a 4.6% upside from current levels. In a report issued on January 31, Citigroup also maintained a Buy rating on the stock with a $50.00 price target.

See today’s best-performing stocks on TipRanks >>

CVS Health (CVS)

Raymond James analyst John Ransom maintained a Buy rating on CVS Health yesterday. The company’s shares closed last Wednesday at $89.90.

According to TipRanks.com, Ransom is a 5-star analyst with an average return of 11.3% and a 60.4% success rate. Ransom covers the Healthcare sector, focusing on stocks such as Airsculpt Technologies, Inc., Aveanna Healthcare Holdings, and Alignment Healthcare.

Currently, the analyst consensus on CVS Health is a Strong Buy with an average price target of $116.25, representing a 32.3% upside. In a report issued on February 6, Bank of America Securities also maintained a Buy rating on the stock with a $116.00 price target.

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