There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Ashland (ASH – Research Report) and Mondelez International (MDLZ – Research Report) with bullish sentiments.
Mizuho Securities analyst Chris Parkinson assigned a Buy rating to Ashland on February 1 and set a price target of $136.00. The company’s shares closed last Thursday at $107.62.
According to TipRanks.com, Parkinson is a 5-star analyst with an average return of 9.7% and a 64.9% success rate. Parkinson covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.
Currently, the analyst consensus on Ashland is a Moderate Buy with an average price target of $127.78, which is a 19.5% upside from current levels. In a report issued on January 26, BMO Capital also assigned a Buy rating to the stock with a $135.00 price target.
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Mondelez International (MDLZ)
In a report issued on February 1, John Baumgartner from Mizuho Securities maintained a Buy rating on Mondelez International, with a price target of $78.00. The company’s shares closed last Thursday at $66.66, close to its 52-week high of $68.81.
According to TipRanks.com, Baumgartner is a 4-star analyst with an average return of 8.1% and a 67.2% success rate. Baumgartner covers the Consumer Goods sector, focusing on stocks such as The Hershey Company, Simply Good Foods, and Hain Celestial.
Currently, the analyst consensus on Mondelez International is a Strong Buy with an average price target of $74.69, which is a 12.7% upside from current levels. In a report issued on January 19, Berenberg Bank also maintained a Buy rating on the stock with a $80.00 price target.
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