Analysts Are Bullish on These Consumer Goods Stocks: ASH, PEP

By Jason Carr

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Ashland Inc (NYSE: ASH) and PepsiCo (NYSE: PEP) with bullish sentiments.

Ashland Inc (NYSE: ASH)

Jefferies analyst Laurence Alexander reiterated a Buy rating on Ashland Inc (NYSE: ASH) on June 21 and set a price target of $74. The company’s shares opened today at $66.54, close to its 52-week high of $67.90.

According to TipRanks.com, Alexander is a 5-star analyst with an average return of 9.7% and a 60.8% success rate. Alexander covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and GCP Applied Technologies.

Ashland Inc has an analyst consensus of Moderate Buy, with a price target consensus of $98.

PepsiCo (NYSE: PEP)

Jefferies analyst Kevin Grundy reiterated a Buy rating on PepsiCo (NYSE: PEP) yesterday and set a price target of $127. The company’s shares opened today at $116.21, close to its 52-week high of $118.24.

According to TipRanks.com, Grundy is a 5-star analyst with an average return of 7.6% and a 77.3% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Edgewell Personal Care, and Monster Beverage Corp.

PepsiCo has an analyst consensus of Moderate Buy, with a price target consensus of $121.29.

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