Analysts Offer Insights on Consumer Goods Companies: Philip Morris (NYSE: PM) and Nike (NYSE: NKE)

By Ryan Adsit

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Philip Morris (NYSE: PM) and Nike (NYSE: NKE).

Philip Morris (NYSE: PM)

In a report issued on September 22, Vivien Azer from Cowen & Co. reiterated a Buy rating on Philip Morris (NYSE: PM), with a price target of $135. The company’s shares closed on Friday at $112.51.

According to TipRanks.com, Azer is a 5-star analyst with an average return of 11.0% and a 71.8% success rate. Azer covers the Consumer Goods sector, focusing on stocks such as British American Tobacco, Constellation Brands Inc, and Craft Brewers Alliance.

Philip Morris has an analyst consensus of Moderate Buy, with a price target consensus of $126.60.

Nike (NYSE: NKE)

Cowen & Co. analyst John Kernan reiterated a Hold rating on Nike (NYSE: NKE) on September 22 and set a price target of $53. The company’s shares closed on Friday at $53.24.

According to TipRanks.com, Kernan is a 1-star analyst with an average return of -1.8% and a 47.1% success rate. Kernan covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Dick’s Sporting Goods, and Abercrombie Fitch.

Currently, the analyst consensus on Nike is Moderate Buy and the average price target is $57.82, representing an 8.6% upside.

In a report issued on September 19, Susquehanna also downgraded the stock to Hold with a $54 price target.

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