Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Hormel Foods (HRL – Research Report), Colgate-Palmolive (CL – Research Report) and Monster Beverage (MNST – Research Report).
Hormel Foods (HRL)
In a report released yesterday, Benjamin Theurer from Barclays maintained a Hold rating on Hormel Foods, with a price target of $33.00. The company’s shares closed last Wednesday at $30.83, close to its 52-week low of $28.51.
According to TipRanks.com, Theurer is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Hormel Foods with a $31.00 average price target.
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Colgate-Palmolive (CL)
Bank of America Securities analyst Bryan Spillane maintained a Buy rating on Colgate-Palmolive today and set a price target of $90.00. The company’s shares closed last Wednesday at $86.81, close to its 52-week high of $86.86.
According to TipRanks.com, Spillane is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Colgate-Palmolive with a $91.21 average price target, representing a 5.5% upside. In a report issued on February 25, Morgan Stanley also upgraded the stock to Buy with a $93.00 price target.
Monster Beverage (MNST)
Bank of America Securities analyst Peter Galbo reiterated a Buy rating on Monster Beverage today and set a price target of $65.00. The company’s shares closed last Wednesday at $55.85.
According to TipRanks.com, Galbo is a 3-star analyst with an average return of
Currently, the analyst consensus on Monster Beverage is a Strong Buy with an average price target of $63.71, which is a 13.3% upside from current levels. In a report released yesterday, Citi also reiterated a Buy rating on the stock with a $69.00 price target.
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