Analysts Offer Insights on Consumer Goods Companies: Allego (ALLG) and AutoZone (AZO)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Allego (ALLG – Research Report) and AutoZone (AZO – Research Report).

Allego (ALLG)

In a report released today, Matt Summerville from D.A. Davidson maintained a Buy rating on Allego, with a price target of $7.50. The company’s shares closed last Tuesday at $2.09, close to its 52-week low of $1.85.

According to TipRanks.com, Summerville is a 3-star analyst with an average return of 3.7% and a 42.7% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as A. O. Smith Corporation, Alta Equipment Group, and ADS-TEC Energy.

Currently, the analyst consensus on Allego is a Moderate Buy with an average price target of $5.75, a 152.2% upside from current levels. In a report issued on May 17, TD Cowen also maintained a Buy rating on the stock with a $4.00 price target.

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AutoZone (AZO)

In a report released today, Michael Baker from D.A. Davidson initiated coverage with a Hold rating on AutoZone. The company’s shares closed last Tuesday at $2463.41.

According to TipRanks.com, Baker is a 5-star analyst with an average return of 6.5% and a 61.0% success rate. Baker covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and Dick’s Sporting Goods.

AutoZone has an analyst consensus of Moderate Buy, with a price target consensus of $2819.21, a 13.1% upside from current levels. In a report issued on May 10, Evercore ISI also maintained a Hold rating on the stock with a $2875.00 price target.

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