There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Anheuser-Busch Inbev Sa (BUD – Research Report) and Constellation Brands (STZ – Research Report) with bullish sentiments.
Anheuser-Busch Inbev Sa (BUD)
J.P. Morgan analyst Jared Dinges maintained a Buy rating on Anheuser-Busch Inbev Sa on April 5 and set a price target of $76.00. The company’s shares closed last Thursday at $66.34, close to its 52-week high of $67.09.
According to TipRanks.com, Dinges is ranked #3164 out of 8376 analysts.
Currently, the analyst consensus on Anheuser-Busch Inbev Sa is a Hold with an average price target of $74.67.
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Constellation Brands (STZ)
J.P. Morgan analyst Andrea Faria Teixeira maintained a Buy rating on Constellation Brands today and set a price target of $257.00. The company’s shares closed last Thursday at $224.64.
According to TipRanks.com, Teixeira is a 1-star analyst with an average return of
Constellation Brands has an analyst consensus of Strong Buy, with a price target consensus of $257.83, which is a 15.1% upside from current levels. In a report issued on March 26, Morgan Stanley also assigned a Buy rating to the stock with a $277.00 price target.
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Read More on BUD:
- AB InBev price target raised to EUR 64 from EUR 61 at BofA
- AB InBev price target raised to EUR 57 from EUR 55 at Morgan Stanley
- Altria Could Sell its Anheuser-Busch Stake
- AB InBev price target raised to EUR 61 from EUR 60 at Deutsche Bank
- AB InBev price target raised to EUR 77 from EUR 72 at Barclays
