Analysts have recently shared their views on two major consumer goods stocks, Walmart (WMT) and PepsiCo (PEP), with mixed opinions. Greg Melich from Evercore ISI maintained a Buy rating on Walmart, setting a price target of $125.00. The stock closed at $110.56 last Thursday. Melich is a 4-star analyst with a 7.8% average return and a 56.6% success rate. The consensus among analysts for Walmart is a Strong Buy, with an average price target of $128.12, suggesting an 18.0% upside from current levels. J.P. Morgan also recently reaffirmed a Buy rating on the stock.
On the other hand, Robert Ottenstein from Evercore ISI maintained a Hold rating on PepsiCo, with a price target of $135.00. PepsiCo's shares closed at $128.34 last Thursday. Ottenstein, a 4-star analyst with a 3.2% average return and a 52.4% success rate, covers the consumer goods sector. The consensus for PepsiCo is a Hold, with a price target consensus of $143.47, indicating a 15.4% upside. Deutsche Bank recently downgraded the stock to Hold with a price target of $138.00.