Analysts Offer Insights on Consumer Goods Companies: Mattel Inc (NASDAQ: MAT) and ConAgra Foods (NYSE: CAG)

By Jason Carr

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Mattel Inc (NASDAQ: MAT) and ConAgra Foods (NYSE: CAG).

Mattel Inc (NASDAQ: MAT)

Jefferies analyst Stephanie Wissink downgraded Mattel Inc (NASDAQ: MAT) to Hold today and set a price target of $22. The company’s shares opened today at $22.43, close to its 52-week low of $21.55.

According to TipRanks.com, Wissink is a 4-star analyst with an average return of 5.0% and a 56.6% success rate. Wissink covers the Services sector, focusing on stocks such as Prestige Brand Holdings, Abercrombie Fitch, and Children’s Place.

Mattel Inc has an analyst consensus of Moderate Buy, with a price target consensus of $28.

ConAgra Foods (NYSE: CAG)

Jefferies analyst Akshay Jagdale reiterated a Buy rating on ConAgra Foods (NYSE: CAG) today and set a price target of $46. The company’s shares opened today at $39.11.

According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 5.3% and a 51.6% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.

ConAgra Foods has an analyst consensus of Hold, with a price target consensus of $41.

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