Analysts’ Top Consumer Goods Picks: TSN, PKG

By Jason Carr

Analysts fell to the sidelines weighing in on Tyson Foods (NYSE: TSN) and Packaging Corp (NYSE: PKG) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Tyson Foods (NYSE: TSN)

RBC Capital analyst David Palmer reiterated a Hold rating on Tyson Foods (NYSE: TSN) today and set a price target of $68. The company’s shares closed yesterday at $57.60.

According to TipRanks.com, Palmer is a 4-star analyst with an average return of 5.8% and a 60.2% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Pinnacle Foods, and Campbell Soup.

Tyson Foods has an analyst consensus of Hold, with a price target consensus of $69.25.

Packaging Corp (NYSE: PKG)

Deutsche Bank analyst Debbie Jones downgraded Packaging Corp (NYSE: PKG) to Hold today. The company’s shares closed yesterday at $86.29, close to its 52-week high of $87.75.

According to TipRanks.com, Jones is a 3-star analyst with an average return of 0.9% and a 53.4% success rate. Jones covers the Consumer Goods sector, focusing on stocks such as Graphic Packaging, Silgan Holdings, and Sonoco Products.

Currently, the analyst consensus on Packaging Corp is Moderate Buy and the average price target is $86, representing a -0.3% downside.

In a report issued on November 15, BMO Capital also downgraded the stock to Hold.