Analysts Offer Insights on Consumer Goods Companies: Ingredion (NYSE: INGR) and Western Digital (NASDAQ: WDC)

By Carrie Williams

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Ingredion (NYSE: INGR) and Western Digital (NASDAQ: WDC).

Ingredion (NYSE: INGR)

BMO Capital analyst Kenneth Zaslow reiterated a Hold rating on Ingredion (NYSE: INGR) yesterday and set a price target of $125. The company’s shares closed yesterday at $118.40.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 13.3% and a 80.4% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Monster Beverage Corp.

Ingredion has an analyst consensus of Moderate Buy, with a price target consensus of $135.

Western Digital (NASDAQ: WDC)

In a report released yesterday, Tim Long from BMO Capital reiterated a Buy rating on Western Digital (NASDAQ: WDC), with a price target of $120. The company’s shares closed yesterday at $92.66, close to its 52-week high of $95.

According to TipRanks.com, Long is a 5-star analyst with an average return of 16.6% and a 69.6% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Comtech Telecommunications, and Hewlett Packard Enterprise.

Currently, the analyst consensus on Western Digital is Strong Buy and the average price target is $120.28, representing a 29.8% upside.

In a report issued on June 13, Aegis Capital also initiated coverage with a Buy rating on the stock with a $130 price target.

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