Analysts Are Bullish on Top Consumer Goods Stocks: Adidas (ADDYY), Compagnie Générale des Établissements Michelin (MGDDF)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Adidas (ADDYYResearch Report) and Compagnie Générale des Établissements Michelin (MGDDFResearch Report) with bullish sentiments.

Adidas (ADDYY)

Adidas received a Buy rating and a EUR270.00 price target from Kepler Capital analyst Carola Holtz on October 23. The company’s shares closed last Friday at $167.67, close to its 52-week high of $176.36.

According to TipRanks.com, Holtz ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.0% and a 49.3% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Anheuser-Busch Inbev Sa, and Royal Ahold Delhaize.

Adidas has an analyst consensus of Moderate Buy, with a price target consensus of $296.55.

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Compagnie Générale des Établissements Michelin (MGDDF)

Kepler Capital analyst Thomas Besson maintained a Buy rating on Compagnie Générale des Établissements Michelin on October 23 and set a price target of EUR120.00. The company’s shares closed last Thursday at $118.01, close to its 52-week high of $124.84.

According to TipRanks.com, Besson is a 2-star analyst with an average return of 0.4% and a 47.4% success rate. Besson covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Daimler, and Peugeot.

Currently, the analyst consensus on Compagnie Générale des Établissements Michelin is a Strong Buy with an average price target of $131.54, implying a 13.7% upside from current levels. In a report issued on October 15, UBS also maintained a Buy rating on the stock with a EUR110.00 price target.

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