Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Newell Brands (NYSE: NWL) and Coca-Cola (NYSE: KO)

By Ryan Adsit

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Newell Brands (NYSE: NWL) and Coca-Cola (NYSE: KO).

Newell Brands (NYSE: NWL)

Raymond James analyst Joseph Altobello upgraded Newell Brands (NYSE: NWL) to Buy today. The company’s shares closed yesterday at $49.16.

Altobello has an average return of 24.5% when recommending Newell Brands.

According to TipRanks.com, Altobello is ranked #56 out of 4181 analysts.

Currently, the analyst consensus on Newell Brands is Strong Buy and the average price target is $62.50, representing a 27.1% upside.

In a report issued on October 31, Jefferies also reiterated a Buy rating on the stock with a $65 price target.
Coca-Cola (NYSE: KO)

In a report issued on November 3, John Staszak from Argus Research reiterated a Hold rating on Coca-Cola (NYSE: KO). The company’s shares closed yesterday at $42.46.

According to TipRanks.com, Staszak is a 5-star analyst with an average return of 12.1% and a 64.6% success rate. Staszak covers the Services sector, focusing on stocks such as United Natural Foods, Southwest Airlines, and Cheesecake Factory.

Currently, the analyst consensus on Coca-Cola is Hold and the average price target is $44, representing a 3.6% upside.

In a report issued on October 26, Susquehanna also reiterated a Hold rating on the stock with a $41 price target.