Analysts have been closely watching the consumer goods sector, with recent updates on Walmart (WMT) and PepsiCo (PEP). Greg Melich of Evercore ISI maintained a Buy rating on Walmart, setting a price target of $125.00. The stock closed last Thursday at $110.56. Melich, a 4-star analyst with a 7.8% average return, covers various retail stocks. The overall analyst consensus for Walmart is a Strong Buy, with an average price target of $128.12, suggesting an 18.0% upside from current levels.
Meanwhile, 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, another 4-star analyst, focuses on consumer goods stocks. The consensus among analysts for PepsiCo is also a Hold, with a price target consensus of $143.47, indicating a 15.4% upside. Deutsche Bank recently downgraded PepsiCo to Hold with a $138.00 price target.