Analysts Offer Insights on Consumer Goods Companies: Michael Kors (NYSE: KORS) and Packaging Corp (NYSE: PKG)

By Jason Carr

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Michael Kors (NYSE: KORS) and Packaging Corp (NYSE: PKG) with bullish sentiments.

Michael Kors (NYSE: KORS)

In a report released yesterday, Randal Konik from Jefferies reiterated a Buy rating on Michael Kors (NYSE: KORS), with a price target of $60. The company’s shares closed yesterday at $33.18, close to its 52-week low of $32.38.

According to TipRanks.com, Konik is a 1-star analyst with an average return of -1.9% and a 43.4% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

Michael Kors has an analyst consensus of Hold, with a price target consensus of $40.43.

Packaging Corp (NYSE: PKG)

Jefferies analyst Steven Desanctis reiterated a Buy rating on Packaging Corp (NYSE: PKG) today and set a price target of $114. The company’s shares closed yesterday at $102.16, close to its 52-week high of $103.17.

According to TipRanks.com, Desanctis is a 1-star analyst with an average return of -1.6% and a 39.3% success rate. Desanctis covers the Basic Materials sector, focusing on stocks such as Southwestern Energy, Pioneer Natural, and Albemarle Corp.

Packaging Corp has an analyst consensus of Moderate Buy, with a price target consensus of $106.

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