Analysts Are Bullish on These Consumer Goods Stocks: MAT, MNST

By Austin Angelo

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Mattel Inc (NASDAQ: MAT) and Monster Beverage Corp (NASDAQ: MNST) with bullish sentiments.

Mattel Inc (NASDAQ: MAT)

In a report released yesterday, Gerrick Johnson from BMO Capital reiterated a Buy rating on Mattel Inc (NASDAQ: MAT), with a price target of $30. The company’s shares closed yesterday at $22.80, close to its 52-week low of $21.55.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 10.7% and a 59.4% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Harley-Davidson.

Currently, the analyst consensus on Mattel Inc is Moderate Buy and the average price target is $28, representing a 22.8% upside.

In a report issued on May 23, D.A. Davidson also initiated coverage with a Buy rating on the stock with a $30 price target.
Monster Beverage Corp (NASDAQ: MNST)

BMO Capital analyst Amit Sharma reiterated a Buy rating on Monster Beverage Corp (NASDAQ: MNST) yesterday and set a price target of $58. The company’s shares closed yesterday at $50.75.

According to TipRanks.com, Sharma is a 5-star analyst with an average return of 12.5% and a 76.2% success rate. Sharma covers the Consumer Goods sector, focusing on stocks such as Primo Water Corp, TreeHouse Foods, and WhiteWave Foods.

Currently, the analyst consensus on Monster Beverage Corp is Strong Buy and the average price target is $55.10, representing an 8.6% upside.

In a report issued on May 23, Credit Suisse also reiterated a Buy rating on the stock with a $59 price target.

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