There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on PepsiCo (PEP – Research Report) and WH Group Limited (WHGRF – Research Report) with bullish sentiments.
PepsiCo (PEP)
DBS analyst Zheng Feng Chee maintained a Buy rating on PepsiCo today and set a price target of $202.00. The company’s shares closed last Tuesday at $171.22.
According to TipRanks.com, Chee has 0 stars on 0-5 stars ranking scale with an average return of
Currently, the analyst consensus on PepsiCo is a Moderate Buy with an average price target of $191.00, representing a 9.3% upside. In a report issued on April 12, Barclays also maintained a Buy rating on the stock with a $184.00 price target.
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WH Group Limited (WHGRF)
In a report released yesterday, Clement Xu from DBS maintained a Buy rating on WH Group Limited, with a price target of HK$6.57. The company’s shares closed last Tuesday at $0.72, equals to its 52-week high of $0.72.
Currently, the analyst consensus on WH Group Limited is a Strong Buy with an average price target of $0.82, representing a 13.3% upside. In a report issued on April 22, Jefferies also maintained a Buy rating on the stock with a HK$6.21 price target.
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