There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Diageo (DGEAF – Research Report) and Walmart (WMT – Research Report) with bullish sentiments.
Diageo (DGEAF)
Goldman Sachs analyst Olivier Nicolai maintained a Buy rating on Diageo today and set a price target of £45.00. The company’s shares closed last Thursday at $42.40.
Nicolai has an average return of 16.4% when recommending Diageo.
According to TipRanks.com, Nicolai is ranked #1654 out of 8379 analysts.
Diageo has an analyst consensus of Hold, with a price target consensus of $49.77.
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Walmart (WMT)
In a report released today, Steven Shemesh from RBC Capital maintained a Buy rating on Walmart, with a price target of $164.00. The company’s shares closed last Thursday at $147.41.
According to TipRanks.com, Shemesh ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -8.3% and a 32.0% success rate. Shemesh covers the NA sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Driven Brands Holdings, and Advance Auto Parts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $168.04 average price target, a 14.9% upside from current levels. In a report issued on May 18, Bank of America Securities also maintained a Buy rating on the stock with a $175.00 price target.
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