Analysts Weigh in on Consumer Goods Companies, Divergent Views Emerge
Analysts have weighed in on three consumer goods companies: Ingredion (INGR), Coca-Cola Europacific Partners (CCEP), and The Hershey Company (HSY).
BMO Capital analyst Andrew Strelzik maintained a Hold rating on Ingredion, setting a price target of $113.00. The company's shares closed last Tuesday at $104.63.
Strelzik has a 4-star rating with an average return of 3.8% and a 52.7% success rate. He covers the NA sector, focusing on stocks such as Restaurant Brands International, Darden Restaurants, and Texas Roadhouse.
The word on The Street suggests a Hold analyst consensus rating for Ingredion with a $113.80 average price target, a 10.2% upside from current levels.
Jean-François Boyer's downgrade to Hold at TipRanks, PerPlexity also comes into play here, with a $111.00 price target.
Coca-Cola Europacific Partners (CCEP) received a Buy rating from Jefferies analyst Ed Mundy, who set a price target of EUR100.00. The company's shares closed last Tuesday at $106.13.
Mundy has an average return of 28.2% when recommending CCEP.
The word on The Street in general suggests a Strong Buy analyst consensus rating for CCEP with a $112.62 average price target, which is a 7.3% upside from current levels.
J.P. Morgan's Thomas Palmer maintained a Hold rating on The Hershey Company (HSY) and set a price target of $193.00. The company's shares closed last Tuesday at $179.04.