Analysts Are Neutral on These Consumer Goods Stocks: KBH, RAI

By Jason Carr

Analysts fell to the sidelines weighing in on KB Home (NYSE: KBH) and Reynolds American (NYSE: RAI) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

KB Home (NYSE: KBH)

In a report released yesterday, Robert Wetenhall from RBC Capital reiterated a Hold rating on KB Home (NYSE: KBH), with a price target of $22. The company’s shares closed yesterday at $22.41, close to its 52-week high of $22.57.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 14.1% and a 80.3% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Advanced Drainage Systems.

KB Home has an analyst consensus of Hold, with a price target consensus of $21.50.

Reynolds American (NYSE: RAI)

In a report released yesterday, Nik Modi from RBC Capital reiterated a Hold rating on Reynolds American (NYSE: RAI), with a price target of $60. The company’s shares closed yesterday at $65.65, close to its 52-week high of $67.81.

According to TipRanks.com, Modi is a 4-star analyst with an average return of 6.3% and a 73.2% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Edgewell Personal Care.

Currently, the analyst consensus on Reynolds American is Hold and the average price target is $61.67, representing a -6.1% downside.

In a report issued on June 15, Stifel Nicolaus also reiterated a Hold rating on the stock with a $65 price target.

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