Analysts Are Bullish on These Consumer Goods Stocks: STZ, PI

By Ryan Adsit

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Constellation Brands Inc (NYSE: STZ) and IMPINJ Inc (NASDAQ: PI) with bullish sentiments.

Constellation Brands Inc (NYSE: STZ)

RBC Capital analyst Nik Modi reiterated a Buy rating on Constellation Brands Inc (NYSE: STZ) yesterday and set a price target of $205. The company’s shares closed yesterday at $180.88, close to its 52-week high of $186.55.

According to TipRanks.com, Modi is a 4-star analyst with an average return of 6.4% and a 73.0% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Spectrum Brands Holdings, and Edgewell Personal Care.

Currently, the analyst consensus on Constellation Brands Inc is Strong Buy and the average price target is $196.78, representing an 8.8% upside.

In a report issued on June 9, Morgan Stanley also reiterated a Buy rating on the stock with a $204 price target.
IMPINJ Inc (NASDAQ: PI)

In a report released yesterday, Mitch Steves from RBC Capital reiterated a Buy rating on IMPINJ Inc (NASDAQ: PI), with a price target of $59. The company’s shares closed yesterday at $55.71, close to its 52-week high of $55.96.

According to TipRanks.com, Steves is a top 100 analyst with an average return of 30.8% and a 89.2% success rate. Steves covers the Technology sector, focusing on stocks such as Brocade Communication Systems Inc, Benchmark Electronics, and Juniper Networks.

Currently, the analyst consensus on IMPINJ Inc is Strong Buy and the average price target is $49, representing a -12.0% downside.

In a report issued on June 7, Canaccord Genuity also reiterated a Buy rating on the stock with a $57 price target.

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