There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Nestlé SA (NSRGF – Research Report) and Unilever NV (UNLVF – Research Report) with bullish sentiments.
Nestlé SA (NSRGF)
In a report released today, Axel Herlinghaus from DZ BANK AG upgraded Nestlé SA to Buy. The company’s shares closed last Wednesday at $117.45.
According to TipRanks.com, Herlinghaus is ranked #6221 out of 7011 analysts.
Nestlé SA has an analyst consensus of Moderate Buy, with a price target consensus of $129.51, representing a 9.1% upside. In a report issued on October 12, Bernstein also initiated coverage with a Buy rating on the stock with a CHF120.00 price target.
Unilever NV (UNLVF)
Credit Suisse analyst Alan Erskine maintained a Buy rating on Unilever NV today and set a price target of EUR55.00. The company’s shares closed last Wednesday at $61.11.
According to TipRanks.com, Erskine is a 2-star analyst with an average return of 0.2% and a 46.8% success rate. Erskine covers the Consumer Goods sector, focusing on stocks such as Nestlé SA, Unilever, and Glanbia.
Currently, the analyst consensus on Unilever NV is a Moderate Buy with an average price target of $64.11, representing a 5.1% upside. In a report released yesterday, Societe Generale also maintained a Buy rating on the stock with a EUR61.00 price target.
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