Analysts’ Top Consumer Goods Picks: CVS Health (CVS), Alibaba (BABA)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on CVS Health (CVSResearch Report) and Alibaba (BABAResearch Report) with bullish sentiments.

CVS Health (CVS)

In a report issued on July 26, Michael Cherny from Bank of America Securities reiterated a Buy rating on CVS Health, with a price target of $103.00. The company’s shares closed last Tuesday at $83.64.

Cherny has an average return of 10.6% when recommending CVS Health.

According to TipRanks.com, Cherny is ranked #1780 out of 7609 analysts.

Currently, the analyst consensus on CVS Health is a Strong Buy with an average price target of $97.06, which is a 17.6% upside from current levels. In a report issued on July 20, Cowen & Co. also maintained a Buy rating on the stock with a $105.00 price target.

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Alibaba (BABA)

In a report issued on July 26, Eddie Leung from Bank of America Securities reiterated a Buy rating on Alibaba, with a price target of $285.00. The company’s shares closed last Tuesday at $186.07, close to its 52-week low of $179.67.

According to TipRanks.com, Leung is a 4-star analyst with an average return of 18.8% and a 55.7% success rate. Leung covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, NetEase, and Baidu.

Currently, the analyst consensus on Alibaba is a Strong Buy with an average price target of $285.83, which is a 55.7% upside from current levels. In a report issued on July 13, Deutsche Bank also maintained a Buy rating on the stock with a $281.00 price target.

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